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Single Family Offices Losing Ground

Single Family Offices Losing Ground


As a follow up to a post we put out a few weeks ago, here is some more evidence that multi-family offices may still be growing as some wealth management operations and single family offices struggle:

Citing a collapsing investment market and increased demands from family members, many single-family offices are worried about keeping their doors open, saying that “sustainability” is the biggest challenge they face.

That was a key finding from the “Single-Family Office Study" released last month by Family Wealth Alliance LLC of Wheaton, Ill.

“For single-family offices, assets are down and expenses are up,” said Thomas Livergood, chief executive of Family Wealth Alliance.

“When things are hunky-dory, as they've been for the past few years, nothing is questioned,” he said. “When things start going wrong, everything is questioned.”

Many single-family offices “will need to change,” Mr. Livergood said. source

To learn more about family office wealth management firms please visit FamilyOfficesGroup.com.

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Link to This Resource: Single Family Offices Losing Ground

http://richard-wilson.blogspot.com/2009/06/single-family-offices-losing-ground.html

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