Benchmark is key performance measure

Delivering services at a reasonable cost and managing family expectations are two of the key attributes of a successful family office. According to Håkan Hillerström, founder of Hillerström family business advisory services, family offices need to look at how they should benchmark and assess the effectiveness of a family. He believes performance of a family office must meet long-term objectives of the family while protectingits wealth.

Strategic asset allocation and rebalancing coupled with selec