Wither the Family Office?

The family office market has become crowded and muddled. Once the domain of easily understood private offices, each dedicated to the needs of a single, very wealthy family, the family office market now includes financial firms of all sizes. The first mutation occurred when traditional single-family offices decided, as an overhead-sharing strategy, to add additional families as clients. Next came the

The family office market has become crowded and muddled. Once the domain of easily understood private offices, each dedicated to the needs of a single, very wealthy family, the family office market now includes financial firms of all sizes. The first mutation occurred when traditional single-family offices decided, as an overhead-sharing strategy, to add additional families as clients. Next came the commercial financial services firms that “rebranded” themselves, either entirely or with respe

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