The What What exactly is Multi-Family Office? Dictionary defines it as "A joint office for multiple families to take care of their financial requirements". Wealthy individuals and families have a wide array of financial requirements including but not limited to wealth management, angel investments, tax planning, succession planning etc. Such individuals and families may seek to develop a family office with the core intention of preserving the family fortune and multiplying it; they may however like to address other non-core financial requirements like social involvements, property investments, art dealings, luxury travel or anything else that they may foresee through the same setup. Intention of multiple such families in getting together to undertake this activity has led to shoot out of Multi-Family offices. Now these families can either hire common staff to do it with cost consensus or they can liaison with a professionally organized platform for such services.

"Chote man se koi bada nahin hota aur toote man se koi khada nahin hota." (Greatness can't be achieved with small heartedness while a weak heart won't let you win). These lines from Atal ji's own verse summarizes the true legacy of the finest statesman of our times. It probably reflects his life too wherein he effortlessly straddled between contradictory narratives that allowed him to play out a difficult combination of an inclusive yet a firm leader. Its common place to find either firm leaders or soft leaders but rare to find a blend of both which makes Atal ji stand out amongst the crowd. He was a democrat and liberal to the core for whom taking everyone along was a way of living life but when it came to drawing a line and putting a full stop in the larger interest of the eco-system he could go ahead on his own. While he could let the Agra Summit fail for want of his senior colleagues not on the same page with him to write the historic chapter he could go ahead to write another historic chapter of nuclear test on his own. While he could take the warm initiative of reaching out to Pakistan with his iconic bus ride to Lahore despite the consternation of the nationalist establishment but once betrayed he would come hard on striking the adversary firmly to drive out the intruders during Kargil. It is no surprise therefore that he became the role model of running a successful coalition government having completed the first full term of a coalition government in India when very often leaders with complete majority have struggled in the past to keep their flock together.

Beta and Alpha are the core jargons which the investment world revels in. While the former is the market risk which measures the ups and down of the financial markets the latter is the excess return which a stock, portfolio or a fund manager can generate over and above the market return. In mature and developed nations like the US beta is much lower and so is the Alpha which means while the markets are relatively steadier with finer gradients of its roller coaster the fun of upside is also limited. In case of younger and developing nations like India not only the beta is higher but also the alpha which means while not only the markets are more volatile on a relative scale but at the same time there is room to have much more upside as well.