U.S. Style Goes GlobalU.S. Style Goes Global
The roots of family offices lie in Europe, going back hundreds of years. But, of course, it was in the United States that the family office took on a new life, over the past few decades becoming professionally run organizations, often headed by a non-family member and aimed at everything from managing the family's investments to running philanthropic ventures. Now, the spotlight is turning back to
Anne Field
The roots of family offices lie in Europe, going back hundreds of years. But, of course, it was in the United States that the family office took on a new life, over the past few decades becoming professionally run organizations, often headed by a non-family member and aimed at everything from managing the family's investments to running philanthropic ventures.
Now, the spotlight is turning back to Europe. An increasing number of European high-net-worth families with at least $100 million in assets are moving away from the long-time practice of using private off-shore family banks to handle investments, creating their own professionally run family offices, instead. “They're looking at the U.S. for best practices, to become more l...
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