JSV International Assistant Service s.r.o. Executive Personal Assistant and Consultant
A family office is a private company that manages investments and trusts for a single wealthy family. The company's financial capital is the family's own wealth, often accumulated over many family generations. Traditional family offices provide personal services such as managing household staff and making travel arrangements. Other services typically handled by the traditional family office include property management, day-to-day accounting and payroll activities, and management of legal affairs.
Family offices often provide family management services, which includes family governance, financial and investment education, philanthropy coordination, and succession planning.
Modern family offices are typically separated into three classes.
CLASS A FAMILY OFFICES provide estate and financial services and typically are operated by an independent company that receives direct oversight from a family trustee or administrator.
CLASS B FAMILY OFFICES focus on providing financial services and are typically operated by a bank, law firm, or accountant firm.
CLASS C FAMILY OFFICES focus on providing estate services and are typically operated by the family with the assistance of a small support staff.