Entrepreneurial success and rising asset prices in recent years has created enormous wealth creation for Family Offices, accelerating the trend towards outsourced investment functions.
As the AUM of Family Offices has grown substantially, so has the need for a more structured and institutionalised approach for the management of these assets.
For Family Offices running multi-asset portfolios, it can potentially be far more efficient, both financially and operationally, to leverage the expertise of external specialists. This is especially true as Family Offices continue to allocate capital to private and alternative investment markets where more specialised knowledge is often required.
As with all important decisions, there are a range of considerations to assess which we have outlined in the below paper.