I’m curious if anyone sees value in forming a family office for net worth of around $10 million understanding these are typically targeted to ultra high net worth families. And if so any recommended reading or resources?

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I think you’re about 10% of the net worth that would make sense for.

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Haven't looked into it specifically but hard to imagine that the cost is worth it at that level. I'd consider it more if I thought my wealth would grow substantially in the next several years and I wanted to get my ducks in order

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If you’re retired and can spend the time on it yourself, I think that vastly limits the operating cost (no employees). Am mostly curious about the tax and asset protection advantages.

I thing MD3 is right. Maybe a multi-family office? Just curious what folks with 20-30m NW are doing?

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Multi family is probably better am also interested in hearing from anyone with experience there

I’m not sure I understand what that means. Can you say a bit more?

What do you want out of this? Just tax planning? tax planner can help there? Wealth manager can help with investments

Im in that bucket and just use a wealth manager for access to alternatives but diy my own portfolio. Tax planning and trust planning is on mind but not doing that just yet- my wealth manager can help there too. No point in paying 100k fees each year

For those that indicated DIY, how comfortable are you with portfolio management after you? Not to be morbid but asking a practical question. Would your spouse and/or dependents be equally comfortable with the DIY approach?

Trying to educate spouse. She has about 1/4 of the investible assets to manage. She tends to be very conservative though.

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