Family Office Competition Heats Up with Boutique Luring Top Bankers
ByIt’s one of the hottest areas in finance: persuading wealthy families that they’ll benefit from advice not just managing their money, but also on areas such as how to give to charity and preparing the next generation to take over the reins.
The reasons are obvious. North America has the biggest pool of rich peopleglobally with more than 200,000 people worth at least $20 million, according to Boston Consulting Group. The firm predicts at least $20 trillion of new financial wealth will be created over the next five years. What’s more, the ultra-high-net worth crowd are looking for more than robo-advisers or the latest ETFs, offering the opportunity for banks and advisers to earn fees…
Family Office Competition Heats Up with Boutique Luring Top Bankers
