In an article I wrote for the STEP Journal back in October 2014, I discussed the three factors that make a family office successful: independent thinking, the ability to mix and match financial solutions and sustainability. Independent thinking is important because the family office is the brain that helps the family make informed, independent decisions. The ability to mix and match means that the family office can find and structure the best solution for the family even though it is not readily available in the market. Sustainability is about continuity of the money, the family business, the relationships and the family office itself.
Two years have passed and all these are still true. I believe they will remain so for a very long time. However, this year, I have started to see a new dimension to the success of a family office.