Explainer / Wealth Management / Global
Family Office Governance and Reporting
Published 2026-10-19 · BLOOMBERG WEALTH Research Desk
Organize decision rights, oversight and consolidated reporting.
Executive brief
A family office needs clear authority for investing, spending and oversight. Ambiguous responsibilities create operational risk even when individual advisers perform well.
Questions for due diligence
Document approval thresholds, conflicts and an investment policy. Check that consolidated reporting captures external accounts, private assets and liabilities.
Scenario framework
- Base case: review the stated assumptions for wealth management and record which evidence would change the assessment.
- Stress case: consider weaker returns, reduced liquidity and higher costs together. An illustrative scenario is not a forecast.
Primary sources
Educational research brief. Scenarios are not forecasts or personalized advice. Follow the primary references for current data and methodology.