Careers at Single and Multi Family Offices: All you need to know
We are Europe’s leading platform for single and multi office news and knowledge. Many of our visitors are interested in career topics at family offices. Therefore, we cover the most important issues like: “How to get a job at a family office?” to “What profile makes the perfect family office candidate?”. Working at a family office brings multiple benefit like a decent salary combined with reasonable working hours. Furthermore, family office professionals have excellent exit opportunities.
Working at Single Family Offices
Organizational structures in single family offices differ from most investment teams. Many investment professionals work in specialized teams, while there are only few back-office employees. Instead, most family offices are working with different external advisors. Within the article, we explain the organizational chart of SFOs.
Single family offices (SFOs) are the investment firms of high-net-worth families. Through SFOs, the family wealth is preserved and increased. The number of employees is mainly determined by the assets under management. In family offices below €100M AUM, often only a hand ful of employees is working. Larger family offices with billions of euros of assets under management sometimes employ hundreds of investment professionals. The staff is recruited from investment banks, wealth managers, leading consulting firms or private equity and venture capital funds.
Key hires in single family offices are the executive positions. From the Chief Executive Officer who is making sure that the single family office follows the family strategy up to the Chief Investment Officer who deals with investment topics. We give a detailed overview of available positions and the profile of candidates.
Working at Multi Family Offices
Multi family offices (MFOs) are investment firms of multiple wealthy families. The managers of multi family offices often have an external (non-family) background and serve as “sophisticated asset managers”. Some multi family offices are directly managing portfolios, while others are only structuring portfolios and instead relying on third-party fund managers. Thereby, also the background of the staff is determined. Multi family offices with active investment and asset management rely – like family offices – on highly educated professionals from leading investment banks. Family offices which rather play a consulting role employ experienced wealth and relationship managers.