Defining a family office

“Any ex-UBS banker these days starting up their own shop is calling themselves a family office,” says Reyl Private Office director Pierre Condamin-Gerbier, discussing the question of the optimum structure for a family office.


Family office managers believe the line between what used to be an asset manager and what is technically a wealth manager has been blurred by the tendency for companies to use the umbrella term ‘family office’ to cover a multitude of services.

Bauknecht Capital president Gero Bauknecht says his single family office is now essentially an investment management company, designed to protect and manage the family’s wealth.

Condamin-Gerbier describes a family office as a platform that manages a family’s

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