PT - JOURNAL ARTICLE AU - Robert C. Elliott TI - From Single-Family Office to Multifamily Office AID - 10.3905/jwm.2010.12.4.012 DP - 2010 Jan 31 TA - The Journal of Wealth Management PG - 12--14 VI - 12 IP - 4 4099 - https://pm-research.com/content/12/4/12.short 4100 - https://pm-research.com/content/12/4/12.full AB - Many single-family offices (SFOs) are currently faced with challenges resulting from the recent financial crisis. These challenges may result in SFOs closing, merging with another SFO or multifamily office (MFO), or turning themselves into an MFO. Becoming a successful MFO requires a unique combination of long-term commitment, culture, significant capital, and experience. This article details the important decisions an SFO must make to become a successful MFO and the benefits of a successful evolution.TOPIC: Wealth management