As family offices grow and morph to rival hedge funds, those surveyed by Deloitte reported an average of just 15 employees, handling $2 billion in assets. Only about one-third were run by someone outside the family.

Gautam Adani plans to appoint auditors from a top global firm and hire a CEO for his family offices to provide a level of disclosure often associated with listed companies, people familiar with the matter said.

Özge Doğan, the founder of Turkey’s first independent multi-family office, was inspired to create her own firm based on her own family's wealth management challenges.

Family dynamics can significantly affect the longevity of a family office, especially when it comes to expanding the family structure through marriage.

Mark Baumgartner has reportedly left his job as chief investment officer at the family office of hedge fund billionaire Ray Dalio and his wife, Barbara.

With great power comes great responsibility, as they say. A modern twist on that adage could be that with great wealth comes a great deal of stress for next-generation members of family offices.