Bridger PenningtonFund Launch & Investment Expert

What is a Multi-Family Office?

23 Feb 2025 · 1 min

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Bridger Pennington explains how multiple families with around $75 million each can pool resources into a multi-family office, sharing a single CIO, CFO, accountant, and charity director instead of each hiring their own staff at salaries like $150,000 per year.

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There is what's called a multi-family office, and there's a single-family office. A multi-family office works with other families. So maybe, you know, hey, we're $75 million. That's in the family office world. That's okay. We're going to bring in three other families or four other families that also have money, and we're going to share these resources. We're going to have the same CIO, the same CFO, the same charity person, same accountant. We're going to pay them all a salary of. $150,000 a year, you know, to do these items for us and we're going to share these resources, that would be a multi-family office.