Virtual Family Office

Virtual family offices emerge as a lower-cost path to family office benefits

A VFO gathers expert advisors on an as-needed basis for virtual meetings, rather than using the physical office as a base. This can be more cost effective, especially for families whose assets are not enough to support a single family office. Experts say a virtual family office can make sense for a family with from $10 million or $20 million to about $250 million in assets.