TY - JOUR T1 - Are You Rich Enough for a (Single) Family Office? JF - The Journal of Wealth Management SP - 29 LP - 32 DO - 10.3905/jwm.2018.20.4.029 VL - 20 IS - 4 AU - Bernd Scherer Y1 - 2018/01/31 UR - https://pm-research.com/content/20/4/29.abstract N2 - 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’s investment management skills and costs versus the family benchmark alternative as well as its risk aversion. He finds that rules of thumb like “the minimum size for a family office is 100 million” can be grossly misleading. The analysis is equally applicable to choosing the threshold size for in-house asset management.TOPIC: Wealth management ER -