Family Office Practice

Marsh's Family Office Practice — as part of Private Client Services — is a national practice specializing in risk and insurance solutions for families with substantial assets who are members of a privately held family business, single family office, multi-client family office, or private trust company. The Family Office Practice — based in Marsh's New York, Chicago, and Minneapolis offices — serves families across the United States. We also have international capability through the London office of Private Client Services.

We provide insurance solutions for more than 65 full-service family offices with profiles from the founding generation to, in some cases, fifth generation. We are also privileged to have represented a significant number of those on the Forbes 400 list of wealthiest people in the United States.

Marsh's Family Risk Management Advantage

• Recognized Specialists. Marsh's Family Office Practice professionals have years of experience serving clients who are members of a privately held family business, single family office, multiclient family office, or private trust company.
• Consultative Approach. We begin by meeting the client to evaluate current insurance requirements and contracts. This meeting may include the client’s family office manager, attorney, accountant, banker, or other appropriate advisor. Then, a confidential, custom-tailored program is designed to address the client's needs. We present this program in a written proposal along with our recommendations.
• Management Liability Expertise. We are well-versed in liability concerns facing family office directors, officers, and trustees and can offer solutions for each client’s specific needs based on our extensive knowledge, experience, and benchmarking of our national client base.
• Due Diligence. Our strong relationships with major property and casualty underwriters in the United States and Europe allow us to negotiate coverage enhancements among various underwriters and provide comparisons across the market.
• Technical Expertise. We have dedicated experts in the areas of luxury yachts, private aviation, farm and ranch, and fine art who understand the complex needs of these types of assets.
• Security Experts. Through our relationship with Kroll, our clients have access to a broad range of security consulting services.
• Stewardship. Our service team ensures that clients continue to receive the high-caliber service that led them to select Marsh as their broker. This includes day-to-day program management and an annual, or more frequent if necessary, review to ensure the insurance program keeps pace with any changes. We have developed customized reporting for all of our families to tailor how information is managed and presented to them.

Our approach to serving family offices reflects the firm's emphasis on proactive risk evaluation and personal service. We continuously search to enhance, expand, and improve our clients' programs.