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.
â¢ 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.
â¢ 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.
â¢ This leads to the heart of the problem - What precisely are Family Offices?
â¢ 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.
Click for report details: www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..
Browse all Finance and Banking Market Research Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..
Browse all Finance and Banking Company Profile Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Company-P ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.