Final answer:
The minimum account size for clients to have access to a private family office account usually starts at $10 million to $30 million, with many requiring $100 million or more in investable assets.
Step-by-step explanation:
The minimum account size for clients to have access to a private family office account can vary significantly depending on the specific family office and their policies. Generally, family offices serve high-net-worth individuals, with many requiring a minimum of $100 million in investable assets, although some might work with clients who have at least $10 million to $30 million. These private wealth management services provide comprehensive financial oversight, including estate planning, investment management, charitable giving strategies, tax planning, and more. Each family office is unique and may cater to a particular client profile or level of wealth.