What defines a family office these days anyway? :
Depending on how you define a Family Office, all or none of the above might be considered one. In an industry defined by the putrid slogan “if you’ve seen one Family Office…” how can you create uniformly applied parameters? Certainly you have to create a range of variables, add flexibility in application, and allow for a serious margin of error. Or, as often applied, make broad assumptions (e.g. all individuals above $500 million have a Family Office). The numbers are all over the place.