Using the ‘Anna Karenina principle’ to better understand and operate family offices

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Using the ‘Anna Karenina principle’ to better understand and operate family offices

Using the ‘Anna Karenina principle’ to better understand and operate family offices

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February 1, 2021

While each family office is designed or leveraged around the needs of its principals, best practices do exist and can be “fitted” to unique circumstances. In this whitepaper, we explore how to potentially define the term “family office,” while proposing a nomenclature and common characteristics of the most typical family office models. We hope this article provides a framework to support the study, development, and testing of real world best practices for family offices.