Looking for the perfect structure: The evolution of family office from a long-term perspective

Abstract

Since the 1960s, the growth of infrastructure related to family business education, and the development of family business centres and professional associations enabled the transfer of new ideas about management. By doing so, consultant, institutions and scholars encouraged a process of change of family firms that also affected other types of companies, i.e. family offices, organizations to protect their particular family’s investments and assets for both current and subsequent generations. Clearly, the family office was not a new concept, but the changes operated in the family business field allowed its transformation into professional organizations.