A Family Office is a private institution established to provide wealth-management and family service for high net worth families, for the purpose of long-term development of family assets, and thus guaranteeing the maintenance, appreciation and also the succession of family assets. Currently, the Family Office is a rather unfamiliar concept in China, whereas in countries like USA, the Family Office has experienced a longer-term development course. As early as in 1882, John D. Rockefeller established his Family Office, designed to manage his family wealth, which became the precursor of Rockefeller%26 Co. The Agnelli family in Italy, holder of FIAT, also had their own Family Office established in Switzerland, which has served the family for more than 3 generations.
