%0 Journal Article %A Denise Kenyon-Rouvinez %A Jung Eung Park %T Family Office Research Review %D 2020 %R 10.3905/jwm.2019.1.093 %J The Journal of Wealth Management %P 8-20 %V 22 %N 4 %X The family office is one of the fastest-growing structures designed to help individuals and families manage their wealth. Whether a single-family office serving one family or a multi-family office serving several families, the family office serves as an alternative to private banks, registered investment managers, or any other specialized wealth management and investment platforms. A number of academic papers and survey-based white papers have been published in recent years aiming to establish the status of family offices as well as examine trends in their development and use. This study found a considerable degree of overlap in the topics covered but also noted some inconsistencies in the results between the different papers. In this article, based on an in-depth review of recent publications, the authors seek to offer a balanced perspective and insightful synthesis of this research.TOPIC: Wealth managementKey Findings• This is an in-depth review and analysis of books, articles, and reports on family offices.• A family office differentiates itself from other types of investment or service firms by the level of its holistic approach and the personal attention given to families.• There is a need to define a proper governance structure that takes into account the requirements of all family members as well as educating the next generation.• A family office adjusts its structure to meet the evolving complexity of demands and challenges including multi-juridical needs, low interest rate, and digital advancement. %U https://jwm.pm-research.com/content/iijwealthmgmt/22/4/8.full.pdf