Where are most family offices located?
Family Offices with more than $1bn in AUM are slightly more likely to be located in North America, and 16% of all Family Offices with more than $1bn are located in New York. Looking at those Family Offices with up to $100m AUM, over half of these are SFOs (52%) and almost all of them are located in North America.
What net worth should a family office have?
Typically the minimum amount of assets needed to create a financially focused single-family office is $50 million or greater.
What makes a successful family office?
Some common attributes to consider include measures of financial results as well as compliance, timeliness, risk and impact. It’s important not to overlook “softer” items that address the family’s legacy, such as maintaining family unity or preparing the next generation for leadership.