From "protect and grow" to "preserve and transfer" From "protect and grow" to "preserve and transfer"

Family offices in Russia appeared along with the first money, although only few people called them this way.

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Family Matters

Generally, a multi-family office serves several families. The structure of each office is different and strongly depends on the team’s expertise, but, usually, they provide legal and investment services: this combination allows the family office to take full responsibility for preserving and growing wealth.

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It is generally considered that family office services are relevant for people with a capital of $10 million. But in some cases, «the entrance ticket» can be cheaper if all liquid capital is transferred to management.

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The first Russian multi-family offices appeared in the 2000s. These were independent players who served the interests of several wealthy families. Basically, the market was divided between the Swiss family offices.