Family Offices: A History of Stewardship

The term “family office” conjures up images of yachts, stately homes and imposing oak-panelled offices in places such as London’s Mayfair. But family offices’ roots date from the sixth century, according to the EY Family Office Guide, which explains that the role of managing royal wealth was first taken on by a king’s steward. The service later filtered down to the aristocracy, creating the concept of “stewardship” that still endures.

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