Family Office Services: Insights from Chief Investment Officer on Family Office Professionalization

Chief Investment Officer recently published an article featuring Todd Kesterson, discussing how family offices are professionalizing as portfolios grow larger and more complex.

“We see a lot of oil-and-gas families, for example, that are invested in energy, and they might expand out to real estate, and they feel comfortable evaluating the opportunities there,” says Kesterson, a principal and the private client industry group practice leader at Kaufman Rossin. He notes that pushing further into hedge funds, private credit or cryptocurrency calls for a different skill set, and that bringing on advisers or investment professionals can help bridge that gap — along with the added reporting and tax considerations that come with it.

As family offices grow and diversify beyond the industries they know best, business owners and multi-generational families face rising operational complexity, from manager selection to tax reporting. Understanding whether to build an in-house team or adopt a hybrid outsourcing model can help families professionalize before that complexity outpaces their systems.

Read the full article in Chief Investment Officer.