The distinction from conventional wealth management is structural, not cosmetic. In a multifamily office the specialists are connected to each other through one shared plan, so the family is the beneficiary of the coordination rather than the project manager of it. The work is delivered as one experience instead of a curated list of vendors.
Since the 1980s, when the modern multifamily office emerged, that depth was reserved for families with $50 million or more in investable assets. Noblehouse delivers it to families with $5 million to $30 million, the tier large firms left behind.
Common questions
- How is a multifamily office different from a wealth manager?
- A wealth manager primarily allocates investments. A multifamily office coordinates investment, tax, estate, trust, banking, governance, and more through one integrated team, closing the leakage that accumulates between separate advisors.