As single family offices and multi-family offices grow increasingly influential in the practice of wealth management, it has become widely accepted wisdom that a sound family governance structure is a key element of the family officeâs success.
⢠In a report entitled âHighlights for Benchmarking the Single Family Office: Identifying the Performance Drivers,â the Wharton Global Family Alliance noted that ââ¦the more you invest in a governance structure for your SFO [single family office], the more you communicate and interact with the family members and the more you invest in the education of the next generation, the better the [financial] performance will be.â