A Comparative Study On Family Office Between China And America

Over the past 40 years,in China,the challenge for private entrepreneurs is having the ability of creating wealth,however,in 30 years,the best challenges are to keep the their wealth safety and transmit the intelligence of creating wealth.Most pioneers of these ultra-high-net-worth families will be retired,therefore they have to solve those problem about how to distribute their wealth and power.Those problem includes which family members can manage their businesses in the future,people own big power will lead the company developing in different way,etc.Especially,People's Congress argues inheritance tax in 2017,which accelerates ultra-high-net-worth families to consider trust plan.The concept of family offices was created in the 19 th century in Europe.And family offices are developed rapidly in the United States in 1980 s.Recently,there are 4000 family offices in the United States and 1,500 in Europe.The Asia-Pacific region as emerging market is still in the stage of vigorous development.Most family office in China's is the branches or subsidiaries,and some domestic family office is copy the model from other developed countries.First,this article analyzes the needs of ultra-high net worth family and the situation of family office organizations.And then by comparing the differences between the Chinese and American family offices,learning from the experience of foreign family office development and incorporating with China ' s environment,to find an effective method which caters to domestic situation.Finally,the YK family office development strategy research analysis is to analyze the influential elements of the family office from different aspects including cultural,political and economic environment.The development of the industry is still showing some specific trends.The development of China's wealthy family's awareness of wealth management and the promotion of heritage tax is pushing the wealth families to find a suitable wealth management model.And this demand has become an urgent task facing them.China's family office is developing by an unprecedented pace,however from the current domestic situation,there are still many challenges and obstacles.