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The association for family office professionals in Europe

Founded in Luxembourg to unite, represent and elevate the family office profession, and to carry its standard across the continent.

Our association

Family Office: the Rolls Royce for Family and Wealth

Research still shows that fewer than 15% of the wealthy succeed in passing their wealth on across three generations. Family governance is crucial: the main reason for failure is a lack of preparation and planning within the family.

A family office can help families preserve their wealth across the generations. Those with professional, high-calibre staff who are independent and understand the long-term needs of their families will succeed.

Why the association exists

Mission & values

Why we exist

Luxembourg For Family Office is a non-profit association (a.s.b.l.) created to serve family office practitioners and the professions around them. We give the profession a shared voice, a recognised standard and a place to meet.

Our purpose is expressed in five commitments:

  • Promote and develop family office activity in Luxembourg, and build relationships beyond it.
  • Facilitate exchange among professionals and the adjacent professions that support them.
  • Maintain trusted relationships with the CSSF, the IRE, the Order of Chartered Accountants and the Bar.
  • Recognise expertise and guarantee the independence that defines credible advice, structuring the profession around a best-practice standard.
  • Organise seminars and conferences, publish information, and build training with universities and schools.

Independence

For many players the family office represents a new opportunity, but it requires complete independence. The family officer works in coordination with specialists in wealth, succession and tax engineering, corporate governance, private equity and venture capital, M&A, and legal and financial advice, while remaining objective and free of any conflict of interest.

Excellence

We are committed to defining rules of conduct for family office activity through a charter, giving the profession a legitimacy recognised both by its practitioners, the members of LFFO, and by the outside world, and better protecting the interests of those who use family office services. Putting it into practice through certified, chartered wealth managers is essential.

Community

Trusted advisers, the hommes de confiance of single and multi family offices, have an obligation of objectivity that leads them to work in open architecture, meeting the needs of the family or families they serve. They are the partners who master the risks and sustainably optimise the wealth, so that the fortune endures across the generations to come, devoting their time to what is essential with a sustainable and socially responsible approach.

Education

We promote educational programmes suited to both single and multi family offices, so that the profession rests on recognised expertise, and we work to develop dedicated training and certification for the family officer.

  • International Management of Family Wealth
  • Building a Legacy: Family Office Wealth Management
  • Certified Wealth Manager
  • Certified FO Manager
  • Wealth Management and Family Office
  • Boost Your Family Office, growth through leading the family office
Programme information Harvard Executive Education: Family Office London Business School: Leadership in the Family Office

Our story

How the association took root

From a shared conviction in 2010 to a European voice for the profession.

2010

Where it began

On 17 June 2010, members of a working group of the Association Luxembourgeoise des Professionnels du Patrimoine (ALPP) founded the Luxembourg Association of Family Offices, built on the independence and neutrality of everyone involved in family office work.

2012

A law for the profession

The Luxembourg law of 21 December 2012 gave family office activity a legal framework and reserved it to regulated professionals. The association had followed the draft closely and set out where it fell short.

2023

Ten years of the annual event

The annual event marked its tenth anniversary at Belenhaff, Junglinster. By then the association had built an international ecosystem, with the European Family Office Alliance and Families for Families.

2024

Growing across Europe

At MUDAM, the Annual Event 2024 asked Luxembourg to provide a robust and supportive environment for family offices. From its Luxembourg headquarters, the association is now active in fourteen markets across Europe and beyond.

Diana Diels-Kneip, President of Luxembourg For Family Office

Our President

Diana Diels

President · Luxembourg For Family Office

Diana Diels is a founding member of the Luxembourg Association of Family Offices and President of Luxembourg For Family Office. She is a senior executive in the financial sector, specialising in family businesses, wealth management, family offices, external asset management and compliance standards.

She studied economics and holds an MBA in finance. Accredited by the CSSF as an asset manager early in her career, she went on to serve as a board member of the Asset Managers Association.

She has worked for banks and managed family businesses across the ICT, BPO and data centre sectors. With Wealth@Work she founded an independent family office platform, voted best start-up in the private financial cloud sector.

Her expertise spans financial engineering and SOPARFI management, and for over thirty years she has served as an independent director on the boards of companies in the financial sector and of unlisted businesses.

The family office operates for each family in a unique way, in a context that respects their values, vision and mission.
Agefi LuxembourgThe Worldwide Rise of Family Offices, a success story
Get in touch

Board & governance

Those who lead the association

LFFO is governed by a board drawn from across the profession.

Diana Diels
President
LinkedIn
Pieter Abts
Vice-President
LinkedIn

Regulatory relationships

In trusted dialogue with the profession’s institutions

We maintain professional, trusting relationships with the authorities that shape our field.

CSSF

Commission de Surveillance du Secteur Financier

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CSSF

Luxembourg’s financial sector supervisor. As the regulator, the CSSF sets the framework family offices operate within. LFFO maintains an open, professional dialogue to represent the profession.

IRE

Institut des Réviseurs d’Entreprises

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IRE

The institute of corporate auditors. The IRE governs statutory audit in Luxembourg, and our relationship keeps the association aligned with audit standards relevant to family office structures.

Order of Chartered Accountants

The professional order for chartered accountancy

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Order of Chartered Accountants

Chartered accountants are among the professions closest to family office work. Through the Order, LFFO connects accountancy practice with the needs of family offices.

The Bar

The Luxembourg Bar Association

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The Bar

Representing the legal profession. Legal counsel underpins much of family office activity, and our dialogue with the Bar ensures the association reflects the legal profession’s role in serving families.

Where we are active

Fourteen markets, one standard

Anchored in Luxembourg, active across fourteen markets

  • Luxembourg Headquarters
  • Belgium Active market
  • France Active market
  • Switzerland Active market
  • Netherlands Active market
  • Monaco Active market
  • Germany Active market
  • Spain Active market
  • Slovenia Active market
  • Italy Active market
  • United Kingdom Active market
  • Liechtenstein Active market
  • Austria Active market
  • Canada Active market