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multi family office

Big increase in family office assets under external management

December 14, 2012

External asset advisers are benefiting from a growing distrust among wealthy families in big banks, according to a director at financial research firm Cerulli Associates.

  Following the 2008/2009 financial crisis, Bing Waldert reckons the wealthy are increasingly using multi family offices to manage their money – and MFOs in turn are making use of external asset advisers.  

Wealth disconnect

December 3, 2012

Despite the huge growth of the very rich in the big emerging markets, family offices have been slow to take hold. Campden asks why.

Dotted about Hong Kong’s and Singapore’s financial services districts are a number of multi family offices – or at least individuals and groups of people calling themselves multi family offices.

Office politics

July 31, 2012

Moving from a single to a multi family office means you can attract the best in the business, and more regulation is a small price to pay, says columnist Hugo Greenhalgh.

For family offices it is always about the future. As the funds dwindle as the generations multiply, maintaining the integrity of the assets is crucial. But how? The answer is simple: for a single family office to survive the triple onslaught of death, divorce and taxes, the solution is to open the doors. It should move from a single family office structure to the multi family system.

Family reward

March 29, 2012

How much do family offices pay? Few seem to know, but through an extensive survey of the sector in the UK and Switzerland, CampdenFO in association with the executive search firm Sulger Buel & Company reveals just how much offices are compensating their top staff. The numbers make fascinating reading.

If family offices are considered part of the financial services industry, then how much they are paying their senior managers is arguably the least transparent of the entire sector. That of course suits family offices, which for the most part guard their confidentiality more than most other areas of the financial services sector. But things are opening up.

Family offices turning to pooled investment vehicles

October 13, 2011

Family offices are increasingly setting up their own pooled investment vehicles in a bid to differentiate themselves from other financial service providers, according to Cerulli Associates.

Robert Testa, senior analyst at the research firm, said family offices are also establishing pooled investment vehicles in order to provide products that aren’t easily available to clients.

Fleming Family & Partners hires ex-Economist editor Bill Emmott

September 21, 2011

Multi family office Fleming Family & Partners has named Bill Emmott, editor-in-chief of The Economist between 1993 and 2006, as group economic adviser.

Read the full story at CampdenFO.

Iveagh makes top research appointment

September 21, 2011

Multi family office Iveagh has hired a top research expert, as it looks to expand its investment team.

Multi family office Iveagh has hired a top research expert, as it looks to expand its investment team. William Beverley joins after working at Morgan Stanley and Barclays Capital.

Read the full story at CampdenFO.

Schizophrenia and the family office

September 13, 2011

Anything involving families is a recipe for dispute, and family offices are no exception. Most often, the dispute revolves around whether a family office should stick with being a single family office, or branch out and become a multi family office.

So which model is best - single or multi? Should the focus be on wealth preservation or creation?

Read the full story at CampdenFO.

Top London family office makes heavyweight hires

August 1, 2011

Family office firm Fleming Family & Partners (FF&P) has hired Scott Oliphant and David Zelouf, as part of its international efforts to grow its ultra-high net worth business.

They leave Barclays Wealth, where they worked as account directors, to take on roles as senior client relationship directors in FF&P’s London-based asset management business.

Fleming family office expands Swiss operations

July 4, 2011

Multi family office Fleming Family & Partners has acquired wealth management firm Gebhard, Corrodi and Partners, in a move by the London-based investment office to expand its Swiss business.

In a statement on 4 July, FF&P said that it has bought Zurich-based GCP, which has assets under management of around £750 million (€831 million). The cost of the acquisition wasn’t disclosed - GCP’s seven employees, including directors Urs Gebhard and Christoph Corrodi, will join Fleming’s office in Zurich.