Family Office Wealth Management Industry Trends
Family Office Trends
I just completed having a conversation with a multi-family office, and last week I presented at a private banking conference where family offices were also discussed. Here are some of the trends I am seeing in the family office industry:
- Relationship management in even higher demand – of course it is – master this and position yourself and you will do very well long-term. Everyone values relationship managers very highly and they will pay top dollar to retain them
- Local banks have opportunities over global ones in terms of relationship building, brand and trust
- Additional services such as concierge or other services – bonuses are in demand especially within certain geographical markets where they are not only appreciated but expected
- Large wealth capacity in Russia & Brazil which is largely untapped
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Tags: Family Office Statistics, information on the family office industry, family office industry report, information on single family offices, multi-family office industry information, family office
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