Prepared in association with STEP, the world’s leading organisation for private wealth professionals, this new edition of Family Offices has been fully updated and features a number of new chapters, all written by the leading experts in the field.

The third edition of this practical guide steers readers through the family office model, from its inception to the final stage in its ‘life cycle’, and looks at:

• establishing a family office and choosing the right jurisdiction;
• the tax structuring of a family office;
• recruiting and managing staff;
• the pros and cons of a ‘virtual’ office;
• reputation protection;
• wealth stewardship;
• communication and cultural issues;
• how to ensure that the family office is relevant; and
• governance, crisis planning and long-term resilience.

The second part of the book explores the increasing number of important jurisdictions and includes chapters on Australia, Bermuda, Canada, the Gulf region, Hong Kong, India, Israel, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States. The Hong Kong chapter reflects the latest legislative developments in Hong Kong aimed at making it one of the most prominent locations for family offices.

Whether you are a professional practising in the family office sphere, a family officer, a family member or a new entrant to this diverse and challenging arena, this comprehensive publication provides essential insight into all aspects of the family office world.