MULTI-FAMILY OFFICES MUSHROOM

Sixty-four of the top multi-family offices had more than $169 billion in assets under management at the end of 2003, up 17 percent from 2002, according to this month's Bloomberg Wealth Manager magazine. The firms all managed a minimum of $4 million in revenue from multi-generational family relationships. Almost eight out of 10 firms, 77 percent, are registered investment advisers; 20 percent are banks

Sixty-four of the top multi-family offices had more than $169 billion in assets under management at the end of 2003, up 17 percent from 2002, according to this month's Bloomberg Wealth Manager magazine. The firms all managed a minimum of $4 million in revenue from multi-generational family relationships. Almost eight out of 10 firms, 77 percent, are registered investment advisers; 20 percent are banks or trust companies. The firms employ, on average, about 42 employees. They also ou

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