Consulting editor(s): Clare Archer, Penningtons Manches; Advisory Editor: Barbara R Hauser
Publication date: Mar 2015
Review to be published in the STEP Journal: The one-two punch of Clare Archer (Consulting Editor) and Barbara R Hauser (Advisory Editor) have knocked down the competition in the world of family office scholarship with the publication of 'Family Offices: The STEP Handbook For Advisers'.
It is profound, comprehensive and written by the best in the field. Best practices are at the forefront, and its approach is practical and holistic.
This book is an enjoyable way to open your mind beyond the daily business of business to the daily business of building families and benefiting societies.
The family office sphere is of great interest to lawyers, accountants, trust companies, those in private banks and the financial world, as well as family office executives and wealthy families themselves.
This new handbook, prepared in association with STEP, the world's leading organisation for private wealth professional, features chapters from leading players in the field, including JPMorgan, SandAire, Pitcairn, Penningtons Manches and Farrer & Co.
The book steers readers through the family office model from its inception, focusing on the viability of family offices for those at the margin of what is normally regarded as the minimum financial base and comparing this to a family worth many millions. The book also considers a range of issues around the cultural development of the family office – from the larger complex structures of North America to the emergence of family offices in developing jurisdictions.
Whether the reader is a professional practising in the family office sphere, a family member or a new entrant to this diverse and challenging arena, this practical new title will serve as an interesting guide, providing valuable comment and insight into the family office world.