☛ What is a Fractional Family Office? And do you need one?
The world of wealth is changing—fast.
With over 520,000 ultra high net worth individuals (UHNWIs) globally and over 659 billionaires in the United States alone, we’re witnessing an explosion in private wealth unlike anything in history. From tech IPOs to alternative asset surges, wealth isn’t just being preserved anymore—it’s being built at hyperspeed.
And as wealth accelerates, so does complexity.
Enter the family office: the gold standard for organizing, protecting, and advancing generational wealth.
What Is a Family Office?
At its core, a family office is a private company set up by an ultra high net worth family to manage everything from investments to taxes to philanthropic goals. Think of it as a fully staffed, in-house financial headquarters—built exclusively to serve the needs of one family.
A traditional family office might oversee:
Investment strategy & performance tracking
Tax planning, accounting, and compliance
Estate planning & intergenerational transfers
Philanthropy, foundations, and charitable vehicles
Bill pay, budgeting, and cash flow oversight
Risk management (insurance, asset protection, etc.)
Lifestyle support: travel, property, concierge services
Family governance, education, and succession planning
But here’s the catch: this model is typically reserved for families with $100M+ in net worth—enough to justify the cost of full-time employees, office space, legal counsel, and tech infrastructure.
For everyone else? The full family office model just isn’t practical.
That’s where the fractional family office comes in.
What Is a Fractional Family Office?
A fractional family office offers the same white-glove coordination and high-touch financial oversight of a traditional family office—but without the full-time staff or $1M+ annual overhead.
Instead of building a standalone company, you partner with a firm or individual who provides:
Ongoing strategic coordination
Advisor and vendor management
Meeting attendance and follow-up
Document review and signature tracking
Multi-professional alignment (legal, tax, wealth, etc.)
Real-time organization of your financial life and lifestyle
A fractional model gives UHNW individuals (and even those in the $5M–$50M range) access to elite-level structure, clarity, and support—without building a team from scratch.
In short, you get the results of a family office—without having to become one.
Who Uses a Fractional Family Office?
We’ve seen a surge in demand from:
Founders who’ve sold their companies but don’t want a full back-office
Divorcees or widows navigating wealth for the first time on their own
Second-generation wealth inheritors who want to modernize
Professionals who are time-starved but complexity-rich
Families whose net worth has outgrown their financial infrastructure
They’re asking questions like:
Do I need a new financial advisor—or just better oversight?
How do I know if I’m being overcharged or underserved?
How do I coordinate my CPA, estate attorney, and wealth manager?
Where is all my money going? Who’s tracking it?
Can someone else handle the signatures, the follow-ups, the details?
Build Your Own Fractional Family Office—with Amy Parvaneh and her team
You don’t need to hire a CEO, CFO, CIO, and COO.
You need one person—Amy Parvaneh—and her trusted team.
As founder of Select Advisors Institute, Amy serves as the chief integrator, translator, and protector for UHNW individuals and families who want to stay in control—without being in the weeds.
With her background at firms like Goldman Sachs, PIMCO, and Citi, and having advised hundreds of wealth management firms across the country, Amy understands the inner workings of your advisors' world—and how to make it work for you.
Here’s how Amy builds your fractional family office:
Strategic Coordination
Amy becomes your point person—attending meetings with your financial advisor, CPA, estate attorney, insurance agent, and other professionals. She tracks what’s promised, what’s pending, and what needs your signature.
Advisor Vetting & Replacement
If you’re not confident in your current team, Amy helps you vet, select, and transition to better-fit professionals—discreetly and efficiently. She knows which private wealth advisors, CPAs, and attorneys deliver—because she’s worked behind the scenes with them for years.
Document Oversight
Amy and her team track your forms, signatures, deadlines, and transitions—so you’re not the one scanning paperwork at 11pm.
Bill Pay & Admin (Optional)
Need someone to coordinate household bills, property payments, or 529 contributions? Amy partners with vetted providers or manages it within your family office structure—without exposing you to risk or chaos.
Strategic Oversight & Family Communication
Amy helps you understand what you’re invested in, what you’re paying, and how it all connects. If you’re preparing to educate next-gen heirs, she creates systems to track values, goals, and performance—without turning your life into a board meeting.
What You Gain with a Fractional Family Office
Clarity: Know what’s happening, when, and why
Control: Stay in charge without doing everything yourself
Protection: Avoid financial drift, redundancy, or manipulation
Privacy: Discreet, strategic support with no sales pitch
Freedom: Focus on your life—while someone else manages the logistics of your wealth
Ready to Explore What a Fractional Family Office Could Look Like?
If you’re managing more wealth than ever—and feeling more exposed, confused, or exhausted than ever—this isn’t about more complexity.
It’s about more coordination.
You’ve done everything right. You’ve built wealth, protected it, and surrounded yourself with professionals—an advisor, a CPA, maybe an estate attorney. But lately, something feels… off. You’re not sure if you’re being overcharged. You’re not sure if things are really “working.” You’re definitely not sure who’s in charge—or if anyone actually is.