Alison Paul, Trust & Tax Partner, writes in Lyon & Turnbull's magazine, 'International View', about the evolution of the Family Office and our flagship wealth management service, Turcan Connell Family Office.

For years it was the Wealth Management's best kept secret; a service as elusive as membership of Yale's fabled Skull & Bones Society. If you had to ask, then it was not for you.

"What is this secret? It is the Family Office; a team of advisers privately employed to manage a family's affairs. The concept is not new and can be traced back hundreds of years to the great landed European families, who had a secretariat running all their business and financial affairs. Whilst the idea might not be novel, the term Family Office has more modern origins, dating from the last century when wealthy American families, like the Rockefellers, created a family secretariat. With their diverse business and philanthropic interests, the heads of such families wanted an overall succession plan; and their children and long retired family members, needed help managing their many interests."

To read the full article please click on the pdf icon at the foot of the page or to visit Lyon & Turnbull's website go to www.lyonandturnbull.com.