The oldest and best known structure of a family office is explored by Marvin J. Schmidt as he identifies the staples of these organizations to help to provide clarity for those considering a family office. 

Though the family office industry is not new, it is ill-defined. There is good reason for this, as serving a single family means that these organizations mirror the unique circumstances of the family. Just as no two families are the same, single family offices are inherently unique and a great divergence exists between organizations operating as single family offices globally.

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