By the time a person reaches eight figures in net worth, wealth has a way of multiplying more than just dollars. Meetings multiply. Paperwork multiplies. So do the number of professionals in your orbit — advisors, accountants, attorneys, insurance specialists, investment managers, bankers, appraisers.
And with every additional expert comes one more relationship to manage.
For many affluent families, it looks like this:
The investment manager calls about a portfolio rebalance.
The CPA emails requesting documentation for an amended return.
The attorney schedules a meeting to update a trust.
You spend your lunch hour forwarding messages so everyone stays on the same page — or hoping they somehow will.
It’s a first-world problem, yes, but it’s also a very real tax on your most valuable resource: time.
From Single-Family Office to Fractional
Traditionally, the solution for this level of complexity was the single-family office: a fully staffed in-house team handling investments, tax, legal, and lifestyle needs exclusively for one family. But with annual operating costs often exceeding $1 million — and most providers catering only to those with $200 million or more — many ultra-high-net-worth families are seeking a more flexible alternative.
Enter the Fractional Family Office President.
In this model, a single point of contact serves as the “president” or “quarterback” of your financial life. This person is not your investment manager, CPA, or attorney — and that’s precisely the point. Their job is to select, coordinate, and oversee the specialists you need, ensuring they operate as a cohesive team.
What a Fractional Family Office President Does
A fractional family office leader’s responsibilities can include:
Sourcing & vetting top-tier advisors, accountants, and attorneys.
Facilitating communication so strategies align across tax, estate, investment, and insurance planning.
Tracking deadlines & deliverables to reduce missed opportunities or duplicated work.
Organizing regular reviews to ensure execution matches your objectives.
Acting as a central hub so you make one call instead of five.
The role is coordination-based and deliberately independent. It’s not about replacing existing professionals, but about making their work more effective by giving them the right information at the right time.
What It Isn’t
A fractional family office president is not an investment advisor, tax preparer, or lawyer. They don’t manage assets, execute trades, prepare returns, or draft legal documents. Instead, they oversee the process, keep everyone aligned, and help ensure your strategy is implemented efficiently and consistently.
Why Families Choose This Approach
Clarity: One person accountable for the big picture.
Efficiency: Less duplication, faster decisions, and fewer missed details.
Independence: The ability to change any individual provider without disrupting the rest of the structure.
Scalability: Access to high-level coordination without the overhead of a full in-house staff.
Select Advisors Institute’s Approach
At Select Advisors Institute, founder Amy Parvaneh has developed a fractional family office model for ultra-high-net-worth families who value both discretion and efficiency. The Institute works alongside your existing professionals — or helps you source new ones — to create a unified strategy without requiring you to manage every relationship yourself.
Find Amy and learn about her career track on Linkedin.
Important Disclosure: Select Advisors Institute provides coordination and consulting services only. We do not provide investment advice, manage client assets, prepare tax returns, or provide legal services. Any references to other professionals are for illustrative purposes only. Clients are encouraged to perform their own due diligence before engaging any third-party professional.
Ultra-high-net-worth families often work with multiple professionals — investment advisors, CPAs, estate attorneys, insurance specialists — each essential, yet operating in separate lanes. Even when everyone is committed to collaboration, the day-to-day coordination often falls on the client. A Fractional Family Office President offers a modern solution by serving as a single point of contact to oversee and align your entire wealth management team. At Select Advisors Institute, under the leadership of Amy Parvaneh, we help ultra-high-net-worth families source top-tier professionals, streamline communication, and ensure strategies are implemented efficiently. We do not manage investments, prepare tax returns, or provide legal services; our role is strictly coordination and consulting.