@article {Scherer29, author = {Bernd Scherer}, title = {Are You Rich Enough for a (Single) Family Office?}, volume = {20}, number = {4}, pages = {29--32}, year = {2018}, doi = {10.3905/jwm.2018.20.4.029}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Are you rich enough for a family office? Focusing purely on the financial economics of a family office, the author derives the minimum AUM compatible with the family office{\textquoteright}s investment management skills and costs versus the family benchmark alternative as well as its risk aversion. He finds that rules of thumb like {\textquotedblleft}the minimum size for a family office is 100 million{\textquotedblright} can be grossly misleading. The analysis is equally applicable to choosing the threshold size for in-house asset management.TOPIC: Wealth management}, issn = {1534-7524}, URL = {https://jwm.pm-research.com/content/20/4/29}, eprint = {https://jwm.pm-research.com/content/20/4/29.full.pdf}, journal = {The Journal of Wealth Management} }