The size and complexity of your business and family offices, the skills of your finance team, and a desire to protect your privacy can all help determine whether your business and family offices need separate financial leadership. A shared responsibility can result in the company and family being well-served by a unified approach in some situations, while potentially causing challenges for both in others.
The Benefits of Sharing a CFO
In many situations, the business and the family offices share a chief financial officer. For example, the business CFO will typically have an intimate understanding of the company’s finances and their role in generating wealth for the shareholders. This will likely lead to insights into the potential effects of family office investments and other decisions on the company’s financial assets (and vice versa).
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