RT Journal Article SR Electronic T1 From Single-Family Office to Multifamily Office JF The Journal of Wealth Management FD Institutional Investor Journals SP 12 OP 14 DO 10.3905/jwm.2010.12.4.012 VO 12 IS 4 A1 Robert C. Elliott YR 2010 UL https://pm-research.com/content/12/4/12.abstract AB Many single-family offices (SFOs) are currently faced with challenges resulting from the recent financial crisis. These challenges may result in SFOs closing, merging with another SFO or multifamily office (MFO), or turning themselves into an MFO. Becoming a successful MFO requires a unique combination of long-term commitment, culture, significant capital, and experience. This article details the important decisions an SFO must make to become a successful MFO and the benefits of a successful evolution.TOPIC: Wealth management