Family offices which successfully handle the complexities of a single large family are now extending these services to other families. Many wealthy families want the services which a family office can provide, but do not want the expense or responsibility of establishing and running their own office. The result is the “multi-family office”.

With the increasing complexity in investment selection and management, tax and accounting, generational wealth transfer, estate planning and philanthropy, plus day to day portfolio administration and banking, a family office which can provide all of these services in one location is a valuable resource.

The Myer Family Office was the first in Australia to offer its services to other families by creating a multi-family office. This service model is well established in the US and Europe with many multi-family offices in operation.

The benefits to the original family and to other families which use the services of a multi-family office are easy to understand. These include sharing the rising cost of technology to provide superior service, increased breadth and depth of professional expertise, access to a wider range of quality investments and to special investment opportunities, true independence and continuity of service from a team of advisers, all within an environment of strict confidentiality.