The biggest growth came in emerging markets, where the number of family offices rose by half over the period, followed by Asia-Pacific (+44%), North America (+41%) and Europe (+8%).
The level of competition with hedge funds, investment banks and other wealth management firms is more, therefore, it is difficult to find family offices and keep advisors with the required level of expertise
The Policy Framework, therefore, rightly recognises that the island’s experience of providing more than 50 years of sophisticated and discrete services of unrivalled breadth and depth across fiduciary, funds and wealth management lends itself to pro
The venture investor, which is backed by some of Germany's most prominent family offices and industry giants including Dr. Oetker, Porsche and Lidl, will reportedly use the remaining funds to invest in European businesses
It is also estimated that there are about 5,300 single-family offices, of which three-quarters are in North America or Europe. In addition, there are many multifamily offices that service hundreds of wealthy families.
The acquisition, which was previously announced on April 25, expands FFT’s relationships with top managers and increases its access to the most promising funds, while offering its comprehensive suite of products and services to Optima’s client
“Ten years ago, people didn’t really know what a family office was,” says Chris Clarke, family office director and chief executive officer at First Affiliated, a multi-family office in Collingwood, Ont., that works with about 70 high-net
The report, by Schillings and Campden Wealth, found that over a third (38%) of participants did not have a cybersecurity plan in place, despite 98% of families citing reputation as important to their family’s success.
As part of our ongoing coverage of family offices, International Investment will be publishing a special report in the coming weeks looking at the rise of family offices, where and how they are investing, and assessing the sector's (largely Asian) fu
A family ofce’s reputation and brand awareness could also have an impact on deal negotiations, talent acquisition and long-term performance, according to Ernst & Young’s Family Ofce Guide.
Typically funds are set up in Cayman, Jersey, Guernsey, Luxembourg or Dublin, although US resident investors may invest in US structures.