How much does a family office cost?

Family office costs vary significantly based on several factors:

Single Family Office Costs:

- Setup costs: $2-5 million annually minimum

- Ongoing costs: 1-3% of assets under management

- Break-even point: Typically requires $100+ million in assets

Multi-Family Office Costs:

- Management fees: 0.5-2% of assets under management

- Lower setup costs due to shared resources

- Minimum investment: Often $10-50 million

Cost Components:

- Investment management fees

- Administrative expenses

- Professional staff salaries

- Technology and infrastructure

- Compliance and regulatory costs

- Office space and facilities

The total cost depends on the complexity of services, family size, geographic scope, and level of customization required.