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What is a Multi-Family Office?

Writer's picture: Dustin Eldridge, CFP®, CPWA®Dustin Eldridge, CFP®, CPWA®

Updated: Jun 6, 2022


A multi-family office is a wealth management firm that supports multiple families in all areas that impact their wealth.


The easiest way to explain what a family office looks like for an NFL player is that it is a combination of the services you receive from a business manager and a financial advisor in one company.


Most NFL players work with both a business manager and a financial advisor.


Typically, the business manager handles the players administrative needs (paying bills and personal staff), tax preparation/filing, obtaining insurance and some contract or estate document review. However, they do not help you with your investments or banking needs.


This means an NFL player also has to hire a financial advisor. Often, they hire an advisor who works at a big bank or an insurance company. Financial advisors at these companies can help with investments, bank products and insurance products but are limited in the advice they can give you from a tax, estate and private investment perspective.



Two separate services, creating unnecessary complexity for you as an NFL Player.


As a multi-family office, TEAM Private Wealth Management is able to offer the same services as a business manager and a financial advisor in one place. Thereby, simplifying your life and most likely saving you time and money along the way.


Keep following to find out more and see why TEAM Private Wealth Management is The Elite Athlete’s Multi-Family Office.

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© 2022 by TEAM Private Wealth Management LLC. Advisory services are provided through Waterloo Capital, L.P.: an SEC Registered Investment Advisor. TEAM Private Wealth Management and Waterloo Capital, L.P. are separate entities. Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design), and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements. INVESTMENTS & WEALTH INSTITUTE is a service mark of Investment Management Consultants Association Inc. doing business as Investments & Wealth Institute. CPWA®, and CERTIFIED PRIVATE WEALTH ADVISOR® are registered certification marks of Investment Management Consultants Association Inc. doing business as Investments & Wealth Institute. © 2022 Investments & Wealth Institute.

*This firm is not a CPA firm

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