Perhaps unsurprisingly, being involved with wealthy families goes hand-in-hand with a number of uniquely sensitive issues. Even the most technically brilliant practitioners may find it challenging to maintain harmonious relationships with all members at all times.

The best way to acquire the skills you need to run a family office is through experience. Some individuals have more of a natural aptitude than others, so not everyone can necessarily acquire the breadth of skills required to operate at the highest level simply through dint of time.