How to set up a Family Office in 9 step

Setting up a private wealth and/or family office practice can be challenging. It requires a deep profound interest and dedication to ongoing learning in an increasingly complex (data) world and really putting the interests of your clients before anything else. However, setting up a practice or indeed just working (in a job) in wealth service can also be incredibly rewarding and satisfying. Having practised in the field of private banking, financial, wealth management and accounting for over 30 years, we set up our firm in 2001. Initially, it was a standard accounting practice providing consulting and data management solutions to private banks, trusts, funds, and others. After a few months, we acquired our first major private client! who was an ultra-high net worth owner of a private bank who wanted us to set up a control-driven (not investment) single-family office?