For decades, the family office space has catered almost exclusively to ultra-high-net-worth families—those with $100 million or more in assets. These families could afford the steep overhead, staffing costs, and infrastructure required to run a traditional single-family office. But what about the growing number of high-income earners, successful entrepreneurs, and rising investors who want the same level of control, privacy, and strategic oversight—without the massive AUM?
Amy Parvaneh, founder and CEO of Select Advisors Institute, is leading a powerful shift in this paradigm. Through her visionary leadership, she has built a firm that enables families with less than $100 million to enjoy the benefits of a family office structure—without the cost, complexity, or commitment of a traditional model.
Rethinking the $100 Million Barrier
Mainstream narratives still echo the notion that “you need at least $100 million” to justify a family office. But that thinking is outdated. Amy Parvaneh challenges this assumption by introducing a lean, modern alternative tailored for today's evolving financial realities.
At Select Advisors Institute, the approach focuses on modular, outsourced solutions—combining expert financial planning, tax strategy, investment coordination, and family governance in a cost-efficient, scalable way. Rather than hiring an in-house team, families gain access to a curated network of top-tier professionals—all integrated and guided by Amy’s hands-on leadership.
A Strategic Blueprint for Modern Families
Amy’s process begins with deep discovery. Select Advisors Institute works closely with each family to map out their wealth, lifestyle needs, values, and long-term goals. From there, a personalized family office roadmap is developed, typically including:
Tax mitigation and estate planning strategies
Investment due diligence and consolidation
Legacy planning and generational wealth education
Philanthropy advising and impact investing
Business succession planning
This holistic method mirrors the sophistication of a large family office—without requiring the same level of assets or operational overhead.
Leadership That Makes the Difference
What sets Select Advisors Institute apart isn’t just the model—it’s the leadership. Amy Parvaneh brings over two decades of experience in private wealth, executive coaching, and advisory services. Her deep understanding of both human dynamics and financial complexity allows her to design solutions that are both technical and tailored.
More importantly, Amy has become a trusted advocate for families navigating transitions—whether from business sale, inheritance, or sudden wealth events. Under her guidance, Select Advisors Institute serves as a bridge between traditional wealth management and the personalized control of a full-fledged family office.
Why This Matters Now
With wealth becoming more democratized, the outdated $100 million threshold is increasingly irrelevant. What matters today is intentional planning, professional coordination, and strategic execution. Whether a family has $10 million or $90 million, the need for bespoke financial stewardship is just as critical.
Select Advisors Institute fills that gap. Through Amy’s leadership, families gain the clarity, confidence, and structure to thrive—without being priced out of the family office conversation.
If you're ready to take control of your wealth, protect your legacy, and design a lean family office solution that works—without waiting until you hit $100 million—Select Advisors Institute is the partner to lead the way.
Expanding the concept of family office professional sourcing unveils a critical pathway to optimizing wealth management and operational efficiency for families at every level of wealth. While traditionally family offices have been accessible primarily to individuals with $100 million or more in assets, the evolving landscape now offers tailored solutions for families with diverse financial profiles, enabling them to harness specialized expertise. Effective sourcing of professional services is the cornerstone of building a resilient family office, ensuring that investment strategies, tax planning, estate management, philanthropy, and administrative functions are managed with precision and foresight. Engaging the right professionals—ranging from wealth advisors and legal experts to tax consultants and operational managers—creates a cohesive ecosystem aligned with the family’s unique goals and values. Moreover, leveraging technology-driven platforms and trusted networks can substantially reduce costs and enhance transparency within the family office infrastructure. For families aspiring to establish a scalable and sustainable family office, a strategic approach to sourcing professionals not only mitigates risks but also unlocks opportunities across generations. With the rise of multi-family offices and outsourced family office services, families gain access to best-in-class resources without the burden of building an entire team in-house. This democratization of family office services represents a paradigm shift, emphasizing adaptability and value-driven partnerships over purely asset-based thresholds. Ultimately, the success of a family office hinges on the deliberate selection of talent and partners who can navigate complex financial landscapes while honoring the legacy and aspirations of the family. Continuous evaluation and flexibility in professional sourcing ensure that the family office remains dynamic, compliant, and poised to capitalize on emerging trends and regulatory changes.
If you have any of these questions, contact us:
1. How do I find professional sourcing for a family office with under $100 million in assets?
2. What are the best practices for sourcing financial advisors for a family office?
3. How can small family offices effectively outsource professional services?
4. What criteria should I use to select tax professionals for a family office?
5. Where can I find legal experts specializing in family office matters?
6. How do multi-family offices differ in professional sourcing compared to single-family offices?
7. What technology platforms support family office professional sourcing?
8. How to evaluate the cost versus value when sourcing family office professionals?
9. What is the role of operational managers in family office professional sourcing?
10. Can family offices source professionals on an as-needed basis to reduce expenses?
11. How do I ensure my family office team aligns with our legacy and values?
12. What are common pitfalls in sourcing family office professionals and how to avoid them?
13. How do family offices manage ongoing performance reviews of sourced professionals?
14. What trends are shaping family office professional sourcing in 2024?
15. How important is geographical location when sourcing family office professionals?
16. What are the advantages of using outsourced family office services?
17. How can emerging families build a family office from scratch with limited assets?
18. What legal and compliance considerations affect sourcing decisions for family offices?
19. How do I approach due diligence when hiring wealth managers for a family office?
20. How to integrate philanthropic advisors into family office professional sourcing strategies?
Practical guide for advisors on wealth management client experience and retention—strategies, metrics, onboarding, tech, and how Select Advisors Institute (since 2014) helps firms scale CX.