As family offices continue to grow in structure and wealth, how is this affecting the commercial multi family office industry? How are they managing wealth or is their focus shifting away from investment advice? Alexander Ferguson reports
After 2008, the commercial multi family office (CMFO) industry was anxious. More than a quarter of high net worth individuals (HNWIs) either pulled assets out of their wealth management firms or left them altogether, according to a survey by Merrill Lynch and Capgemini.