There has been a remarkable growth in the number of family offices springing up all over the globe, and whereas in the past they tended to be more aligned to the UHNW families there has been a trend to more being set up by other families too.
Some of these have been created to manage the family wealth on the disposal of the business but one thing has changed for sure. Families are more financially aware and involved, and are happy to get more involved, with their wealth destiny too and are happy to influence, and in many cases, make the financial investment decisions too.
An interesting perspective...
Family Offices Start Taking the Look of Financial Sponsors Long the bastion of the fabulously rich, these firms are no longer letting others do their bidding and are instead directly investing in portfolio companies themselves.