A family office is a set of six functions. Every one of them can run without the payroll. Score yourself 0, 1, or 2 on each function below. Twelve points possible. Be honest: the gaps you name today are the ones you can close this year.
1. Net Worth Visibility
0 — No single view. Your net worth lives in your head and a stack of statements.
1 — A spreadsheet you update occasionally. Accurate the day you build it, stale within a quarter.
2 — A live, consolidated view across every account, entity, and asset, refreshed at least monthly.
2. Portfolio Architecture
0 — You buy investments one at a time. No target allocation exists anywhere.
1 — A rough allocation lives in your head. Nothing is written and nothing forces a rebalance.
2 — A written allocation policy with targets across asset classes, and you rebalance against it.
3. Deal Diligence
0 — You underwrite from the sponsor's deck and your gut.
1 — You review the documents yourself with a checklist, but no qualified second set of eyes.
2 — Every private deal gets a repeatable underwriting process plus independent review before you wire.
4. Deal Flow Access
0 — Your deal flow is whoever happens to email you.
1 — A handful of deals a year through your network, uncurated and inconsistent.
2 — A steady pipeline of vetted opportunities across asset classes, and you pass on most of them.
5. Peer Community
0 — You make every allocation decision alone.
1 — You know a few investors socially, but conversations rarely reach numbers, terms, or mistakes.
2 — Allocator peers who review deals with you, share diligence, and hold your portfolio accountable.
6. Practitioner Advisory
0 — All of your advice comes from people paid on commission or AUM.
1 — You have a good advisor, but no access to people allocating their own capital in private markets.
2 — Regular counsel from practitioners who invest their own money in what they recommend.
Your Score
Net Worth Visibility: ____
Portfolio Architecture: ____
Deal Diligence: ____
Deal Flow Access: ____
Peer Community: ____
Practitioner Advisory: ____
TOTAL: ____ / 12
What Your Score Means
0–4 EXPOSED — Less infrastructure than any professional would accept.
5–8 PARTIAL COVERAGE — Strong in places, blind in others. The gaps compound before you notice them.
9–11 NEARLY INSTITUTIONAL — One or two functions from a family office standard.
12 FULL COVERAGE — The office is replicated. The question left is fees and time.
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