A virtual family office is a small core team, sometimes one person, that coordinates outside providers for accounting, legal, tax, investments and reporting. It gives a family many of the benefits of a single family office at a lower fixed cost.
Why it is growing
Outsourced providers and software now cover most back-office work. Families can start virtual, learn what they need and add staff later. It also suits families who want to test the idea before committing to a full office.
Where to read more
Educational only. Nothing on this site is investment, tax, legal, accounting or other professional advice, or a recommendation on any security, manager, structure or allocation. Speak with qualified professionals before acting.