Home > Resources > Perspectives > What is a Family Office? What is a Family Office? It is an entity that supports the financial needs of a specific family group A "chief advisor" to the family It typically provides personalized services, technical expertise, creative business leadership and day-to-day management of financial affairs Some have likened it to the family’s "quarterback" for all product and service providers and professional advisors Types of Family Offices Single Family Office (SFO) – set up by an individual family Multifamily Office (MFO) Serves the needs of more than one family Combines resources for efficiency Single point of contact for planning and implementation A way of sharing family office functions Commercial Family Office (CFO) Multifamily, professionally run, outsourced family office solution Components of a Comprehensive Family Office* *For Illustration Purposes Only		Perspectives What is a Comprehensive Family office? Learn more

	our approach  |  our clients  |  solutions  |  resources  |  press center		privacy  |  legal  |  security
	*Harris myCFOTM is the brand used by Harris myCFO, Inc., providing family office services, Harris myCFO Investment Advisory Services LLC, an SEC-registered investment adviser, and certain divisions of Harris N.A. and its affiliates that are national banks with trust powers. Not all products and services are offered in every state and/or location. United States Department of Treasury Regulation Circular 230 requires that we notify you that, with respect to any statements regarding tax matters made herein, including any attachments, (1) nothing herein was intended or written to be used, and cannot be used by you, to avoid tax penalties; and (2) nothing contained herein was intended or written to be used, and cannot be used, or referred to in any marketing or promotional materials. Further, to the extent any tax statement or tax advice is made herein, Harris N.A. and its affiliates do not and will not impose any limitation on disclosure of the tax treatment or tax structure of any transactions to which such tax statement or tax advice relates. Harris N.A. and its affiliates do not provide legal advice to clients. You should review your particular circumstances with your independent legal and tax advisors.