Leadership

Is The Family Office Only for the Ultrarich?

Updated onJanuary 1, 2026 Reading Time: 1 minute

I’ve always liked the concept of the family office, especially after reading the best case study I’ve ever read about regarding its setup by a retired CEO.

This case study rebooted my financial brain: a family office is not for the ultrarich, but it’s also a very vague concept, as some of my clients confuse it with having a skilled financial advisor. We need to obliterate that thinking.

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Mark Gandy

Mark is one of the pioneers in the CFO and Controllership professional services industry having launched his practice in 2001. Today, he teaches CEOs and CFOs critical financial leadership and management concepts so that they can continue to grow and prosper in times of adversity, transition, and renewal. He is also the host of the CFO Bookshelf podcast.