I recently published a short article in the Family Firm Institute (FFI)‘s Practitioner, describing what distinguishes a “family-focused office” from a typical single family office. Using a construct I call the MLF Ratio–the ratio of time and capital spent on money, legal, and family matters by the family and office–I discuss the characteristics of a family-focused office, four factors that prevent SFOs from truly being family-focused, and what needs to be done to move in this direction.
My thanks to Jim Coutre, Mary Duke, Peter Evans, Jay Hughes, Ruth Steverlynck, Christian Stewart, and Matt Wesley for their thoughts on this article.
You can read the article online here.
You can download a PDF of the article here.
