What is Family Office?
The term "Family Office" refers to the independent and professional management of the family wealth by a person or a company that takes into account a broad perspective of the family needs and assets. The origins of this service date back to the 19th century among royal and aristocratic families who needed advice and guidance with their estates. In the beginning of the millennium, with an increase in wealthy families, the service started evolving and growing in Israel as well. The service provided by the Family Office is to manage the family assets with a long term prospective in order to preserve and transfer them to the next generations. For that purpose a full and open dialog is maintained with the family and only after fully understanding the needs and wishes will an investment plan be presented and set into action. The services objective is to handle all the financial and real assets owned by the family and make the necessary adjustments according to the family's needs and wishes.