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shikamaru
01-24-15, 05:01 PM
Government as a multi-family office

What is a multi-family office?



A multi-family office (MFO) is usually an independent organization that supports multiple families to manage their entire wealth.



Definition

Multi-family offices typically provide a variety of services including tax and estate planning, risk management, objective financial counsel, trusteeship, lifestyle management, coordination of professionals, investment advice, and foundation management. Some multi-family offices are also known to offer personal services such as managing household staff and making travel arrangements. Because the customized services offered by a multi-family office can be costly, clients of a multi-family office typically have a net worth in excess of $50 million.[1]

A multi-family office (MFO) is a commercial enterprise established to meet the investment, estate planning and, in some cases, the lifestyle and tax service needs of affluent families.

MFOs can be created in one of three ways:

a single family office opens its doors to additional clients or merges with another single family office
as a start up by a team of advisors (typically with some combination of investment, tax and or legal professional credentials)
an existing financial institution (most often a bank or brokerage firm) creates an MFO subsidiary or division.
In the United States, many MFOs are registered investment advisors, some are trust companies and a handful are accounting or law firms.




History

The family office concept has its roots back in the 6th century. Then a majordomo was a person who would speak, make arrangements, or take charge for the affairs of the royal family and its wealth. Later in the 6th century, the upper nobility started to use these services of the majordomo as well. Hence, the concept of administrator ship was invented and has prevailed until today.

The modern concept and understanding of family offices was developed in the 19th century. In 1838, the family of J.P. Morgan founded the House of Morgan, which managed the families’ assets and in 1882, the Rockefellers founded their family office, which prevailed until today.

....

Consider reviewing the concept of a single family office (http://savingtosuitorsclub.net/showthread.php?1397-Monarchy-as-a-Single-Family-Office).

Consider any government:

- Governments, historically, were formed by powerful families in which to protect their property, enhance their wealth, and to suit their aims.
- Governments, historically, were (are?) private associations.
- The trustees of government (an MFO) were well compensated, received pensions, perks, and other benefits from its administration.
- One of the most exclusive clubs of millionaires on planet Earth is none other the U.S. Senate.
- Ever notice how nepotical many governments are as to its officers and their relations between and amongst each other?

allodial
03-27-15, 01:31 PM
A republic can be much like a hereditary monarchy in disguise.

shikamaru
03-29-15, 11:56 AM
A republic can be much like a hereditary monarchy in disguise.

Do tell more :).

We already know government is a:

- public corporation
- political corporation
- trust

allodial
03-29-15, 12:18 PM
Because of successorship to Founders. Consider the term: posterity. Sit back, consider the idea of "royal assent" in the British Colonies. Now consider how royal assent could possibly exist in the states of America (hint: Federal Register and its equivalent, public records, notice, etc.)

allodial
03-30-15, 06:44 AM
Do tell more :).

We already know government is a:

- public corporation
- political corporation
- trust

Not all government is 'corporate'. Some aspects of government can be in the form of a trust, an estate or even an association. However, a county can might have its administrative affairs 'wrapped up' in a corporation or the like. However it might be worth noting the difference between Attorney General and Office of the Attorney General or Director of Revenue and Department of Revenue or the United States and Government of the United States.