With the increase in business volumes and capital, with the change of generations in the family, the process of effective capital management can be threatened not only by the changing financial world but also by the increasingly complex family ties. And, of course, with particular urgency in the developing family business, there are questions of preserving and increasing family capital.

For more than two centuries, the family business has served as a source of inspiration for creating private capital management models. The economic success, which was achieved by family business representatives, was caused by the need to manage “other” assets - earned through running this business. The solution to this problem was the emergence and development of family office services (Family Office).

The mission of the family office is to manage the family’s capital in order to increase its well-being and preserve family ties. The family office is a uniquely effective family capital management tool that allows family business owners to more clearly define family goals and build all family interaction in such a way that these goals are achieved with minimal losses and the best results.

The functionality of the family office may include coordinating the entire family affairs complex, ranging from arranging a visit to a hairdresser for a fourteen-year-old daughter and sending greeting cards before the holidays and ending with attracting the best financial managers and developing an individual plan for the transfer of inheritance. The task of family office specialists is to provide family members with the highest quality services in any of the areas they choose in such a way that all family members' activities help strengthen family capital and achieve family goals.

Family capital includes not only money, derived from income from the manufacturing business and financial investments, but also other assets, such as art collections, jewelry, gold, real estate, and even family planes. Human, intellectual, and social resources are also components of family capital. These components are also taken into account by family office specialists and are included in the overall family business development strategy.

• planning in the areas of taxes, pensions, finance, inheritance and real estate projects;
• a range of services covering all aspects of family financial affairs;
• cash flow management;
• financial reporting, both for family office services and investment management;
• implementation of charity programs;
• investment management services;
• debt and credit management;
• bill payment;
• coordination of actions of bankers, lawyers and insurance brokers;
• overseeing real estate investments;
• developing capital transfer strategies;
• trust services