In all single-family offices it is common for the ultra-wealthy family to have considerable oversight. Overall, nearly one in five ultra-wealthy family members are senior executives in their single-family offices. This is the case for a little more than ten percent of them in 1st generation single-family offices. However, about 30% of ultra-wealthy family members are senior executives in 2nd generation single-family offices.”In the first generation, the ultra-wealthy family creates an entity to address financial and lifestyle concerns – the single-family office. They generally turn to outside professionals to manage their single-family offices.

Source: Forbes November 15, 2017 11:26 UTC