Country in depth - Family offices in Russia
The International Family Offices Journal
Vol. 2 - Iss. 2 pp. 5–12
It was only in the 1990s that individuals could publicly declare their accumulated private wealth in Russia. At first the young entrepreneurs concentrated on generating capital. But now, the authors note, the wealthy Russians are in their 50s and have become interested in ensuring that the family's wealth is well-managed and will be safely transferred to their children. Therefore, the preservation of inherited wealth and education of the successors have become very important, leading to a growing interest in family office services. The authors survey the various current options used, including those outside of Russia.