Functions most often outsourced by family offices
Strategic outsourcing is increasingly being used to improve performance and lower operating costs
IT services
81%
Bill pays
64%
Tax services
55%
Legal services
49%
Tax services
43%
Legal services
49%
Financial accounting
43%
Human resources
33%
Risk management
29%
Investment accounting
28%
Wealth management
5%
Mergers and acquisitions/transaction duediligence
5%
Succession planning
4%