Introduction
The term family office has usually been associated with the idea of an entity dedicated solely towards personal investments of a wealthy family or individual or some combination thereof. As a result, the expansive range of other functions that family offices can carry out is overlooked. The impact of this is that many wealthy families tend to be unaware of the broad spectrum in which family offices can assist them in their day-to-day lives. Family offices can transcend wealth management and help them in myriad ways. A critical function that family offices can perform (and have done so for many families across the globe) is to assist families in institutionalising a robust family governance structure as a means to enhance and guard the family s legacy on a multi-generational basis.