Why Wealthy Families Love Family Offices—and How to Bring That Advantage to You

In a recent Fortune article titled “More than 8,000 family offices are revolutionizing wealth management. Are you rich enough to start one?”, the spotlight shines on the booming world of family offices. These private wealth management hubs, now numbering over 8,000 globally and managing more than $3 trillion in assets, have become a go-to solution for billionaires and ultra-high-net-worth individuals. The appeal? A seamlessly coordinated approach to everything from investments and tax planning to estate management and philanthropy—all tailored to the family’s unique goals and values. For the ultra-wealthy, this one-stop-shop model delivers better outcomes by ensuring every piece of their financial puzzle works in harmony.

But here’s the catch: setting up your own single-family office (SFO) typically requires significant wealth—think $500 million or more in assets, according to industry experts cited in the article. For most people, even those with substantial means, that threshold is out of reach. So, what’s the alternative if you’re not a billionaire but still crave the benefits of coordinated wealth management? You could try corralling your own team of professionals—accountants, lawyers, financial advisors—and hope they sync up effectively. Or, you could turn to a solution like Omni 360 Advisors, where we bring that family-office-style integration to you, without the billionaire price tag.

The Power of Coordination