The Multi Family Office: A Solution for the Ultra High Net Worth Client? - new market research report published

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2012-11-20 08:12:39 - The Multi Family Office: A Solution for the Ultra High Net Worth Client? - a new market research report on companiesandmarkets.com

Family offices have played a significant, though often understated, role in the development of the wealth management sector over the past 130 years or so. No definitive data of either the number, or volume of wealth overseen by institutions currently exists. But anecdotal and impressionistic evidence suggests that both the number of these institutions, together with the volume of assets

 

 

they oversee is substantial.

Over the past decade and a half the multi-family office (MFO), a development of the SFO, has attracted considerable interest as an alternative to private banks and wealth management firms for managing the wealth of very rich individuals and families. This reflects a number of perceived shortcomings associated with conventional private banks and wealth management firms in the wake of the deep equity bear market experienced between 2000 and 2003, and the near market meltdown of 2008 and its aftermath.

Report Scope

• Many advisory firms, including genuine "independent" financial advisors (IFAs), function in precisely the same way as Single and Multi Family Offices (SFOs, MFOs), albeit not necessarily with as affluent a client base.
• The water is muddied even further by the increasing demand for conventional wealth management firms, and especially the private banking or wealth management arms of big integrated banks, to form specific units that function in the same manner.
• This leads to the heart of the problem - What precisely are Family Offices?
• The report will provide an assessment of the extent to which SFOs and MFOs really do provide a viable alternative to "conventional" wealth management firms in terms of performance and service quality as well generating appropriate returns for their owners.

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