# Family Office

*Careers & Credentials — Finicade finance glossary*

A family office manages the wealth of one family or a small group, handling investments, tax, estate planning, philanthropy and often household administration. Single-family offices typically make sense above a few hundred million in assets, given the cost of staffing one. They've become significant direct investors, competing with private equity for deals rather than only allocating to funds.

**Also known as:** single family office, multi-family office, SFO

**Related terms:** [Wealth Management](https://finicade.com/glossary/wealth-management), [Estate Planning](https://finicade.com/glossary/estate-planning), [Alternative Investments](https://finicade.com/glossary/alternative-investments), [Assets Under Management](https://finicade.com/glossary/assets-under-management), [Trust](https://finicade.com/glossary/trust)

Source: https://finicade.com/glossary/family-office