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Complexity in family offices can lead costs higher, says the Family Office Exchange (FOX) in a new report released Thursday. “The Cost of Complexity, Understanding Family Office Costs,” states that the more services a family office offers and the higher the number of family members served by such an office, the higher the costs generally are. But while some “complexity” is necessary and good, other “complexity” could be unnecessarily raising costs, and could be eliminated, according to the executive summary of the report.

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