What family office services actually cover Family office services fall into two halves. The financial half manages the family's money. The operational half manages everything the money has bought: the homes, the assets, the vendors, and the people who keep it all running. Most families have real structure around the first half and very little around the second. Financial services Operational services Investment management and strategy Property and real estate oversight Tax planning and compliance Asset management (art, collections, vehicles, vessels) Accounting, bill pay, and reporting Vendor and contract coordination Estate and succession planning Maintenance scheduling and recordkeeping Risk, insurance, and legal coordination Household and estate staff coordination Both halves are demanding. The difference is that the financial side runs on established systems and specialists, while the operational side often runs on memory, spreadsheets, and the few people who…