Management's highest priority is profitability1 and profits depend mostly on pricing2, according to two recent studies of the multi-family office industry. Good pricing is principally a function of the internal costs of labor, capital, and technology. Currently, many multi-family offices (MFOs) consider the short supply of qualified labor as their primary concern.3 Similarly, single-family office (SFO) executives have to contend with the short supply of qualified personnel while they must ...
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