Shake Up!

The economic crisis is hitting the family offices of America's wealthy. Expect closings of both single family offices (SFOs) and multi-family offices (MFOs). Those that were just hanging on before the economic crisis won't survive. Even the well-funded, well-run SFOs are tightening their belts. Indeed, a lot are wondering the best way to pay the office bills this year when investment losses are high

Kathryn M. McCarthy | Jan 01, 2009

The economic crisis is hitting the family offices of America's wealthy.

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