Family office is a small/boutique professional service organization with four characteristics:

1, FO (family office) is a kind of responsibility, which is very different from general business, because all his services are a concept, and he doesn't have a specific thing for customers. When the customer pays in real money or waits until the contract is signed, it is the beginning of business and responsibility. So it is essentially a responsibility. On the basis of business, FO is not a financial commodity, nor a physical commodity, nor is it a specific service that can be quantified: it can be provided directly when customers pay. It is an idea and a fiduciary responsibility, so how to effectively implement this responsibility is the point we must face when doing FO business.

2.FO has its own business model and must follow the basic rules of business, such as how you develop customers, how you earn income and how you manage costs.

3.FO is a major, and the family office will face many challenges. It needs to truly understand customer needs and use various financial tools to solve problems;

4.FO is a career. For many people, being a FO, especially being the actual controller of FO, or being a major shareholder of FO, will face such a state, how the company can develop sustainably for a long time, and how to be responsible for shareholders, customers, employees and themselves in the process of growth.

If you are interested in the topic of family office and want to set up a family office, please contact Youmai Fortune Exchange. We are happy to share our experience and promote the development and growth of family office in China market.