Family Office Assets Growing
Below is an excerpt from an article discussing another recent survey pointing to the growing trend for HNW individuals and families to have their assets managed by a family office instead of a traditional financial planner or wealth management firm:
High-net-worth investors are moving their money to multifamily offices, according to a new study that will be released Monday by New York-based accounting and financial services firm Rothstein Kass.
Fully 40% of wealthy investors who moved money this year said they had chosen a family office as their new provider, according to the study, "The Multifamily Office Solution."
High-net-worth families are “gravitating to the family office model because of the holistic approach to wealth management and personalized attention that they can provide,”
This article was originally published on Family Offices Group.com.