Sustaining Family Wealth: The Impact of the Family Office on the Family Enterprise

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Dianne H.B. Welsh, Distinguished Professor of Entrepreneurship (Creator)
The University of North Carolina at Greensboro (UNCG )
Web Site:

Abstract: While no one is sure of the precise origins of the family office, many experts agree that the first family offices resulted from large, European land-owning families who had sold their property and liquidated their assets (Hamilton 1997; Rankin 2004; Avery 2004). Avery indicates that the European family offices were embedded in the estate offices of French, British, and German nobility in the nineteenth century, and possibly earlier (Avery 2004). Even though the family office has been in existence in some form for at least two centuries, there is little academic research on the topic. The results of in-depth research have the potential to significantly impact both family businesses and family offices.

Additional Information

A. Carlsrud & M. Brännback (Eds.), Understanding family businesses: Undiscovered approaches, unique perspectives, and neglected topics (Ch. 17, pp. 289-312). New York, NY: Springer Publishing
Language: English
Date: 2011
family office, family business, wealth, entrepreneurship

Email this document to