The family office concept has its roots back in the 6^th century.  The modern day concept was developed in 1838 when the family of J.P. Morgan founded the House of Morgan and in 1882 it served as a model for the Rockefeller’s family office which survives today.

In the 1980s and 90s rapid technology developments within the financial markets and the consolidation of the financial services industry eroded the ability of bank trust departments to provide the level of services wealthy families had traditionally turned to them for.  As these families began to seek out alternative arrangements for wealth management, the multi-family office concept took hold.  The multi-family office concept allows several families to benefit from the team of dedicated specialists today’s markets demand while defraying the high operating costs and regulatory burdens of the traditional family office.