Profiles of family offices
AN INCREASING NUMBER of lawyers, accountants, private banks and ultra-wealthy families themselves are trying to break into the family office sector, describing themselves as multi-family offices, or multi-client family offices, private investment offices or even virtual family offices.
There are now an estimated 3,500 family offices in the US and about 200 in Europe. But the influx of players, each with its own terminology, is causing confusion for families.
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