Why does the family office “industry” fail to serve families effectively?

The second half of my article examines four areas that the family office space overlooks because it fails to consider "family office" as a methodology.  Here's a link: https://lnkd.in/dnFcSrxZ 

Once again, I would like to thank the Family Wealth Report team for publishing the article.

It discusses four areas where the family office space could use some improvement:

- Scope and expertise creep of vendors and advisors

- Lack of project management skills

- Lack of strategy, KPIs and KRIs, and lessons learned

- Lack of risk management and not building risk management into operations

Family office is an ambiguous term that often leads to more questions than answers for families. However, everyone can benefit when we change our perspective on "family office" to one of process, methodology, and mindset. In this paradigm, all stakeholders' goals will be more closely aligned toward the single critical family office mission: improving the quality of life for families.