Decide what the family should retain internally and what it should delegate.

Family Office Private Wealth Journal · Editorial research desk · 2 November 2026

Companion to One size does not fit all: Entrepreneurial families’ reliance on family offices by Stephan Wessel; Carolin Decker; Knut S.G. Lange; Andreas Hack.

Decision in practice

A founder proposes a standalone office because peers have one. Family complexity and decision volume may matter more than an asset threshold.

Committee assignment

Compare outsourced, hybrid and internal delivery for tax data, reporting, oversight and direct deals. Include succession coverage and the cost of independent checks.

Record and decision rule

Revisit build-versus-buy annually. Do not internalize a function if only one person can both execute and reconcile it.

Illustrative application by the editorial desk. The source authors did not evaluate or endorse this procedure.