Family Office Resources
Wealthy Families Have $4 Trillion Up for Grabs
In December, a half-dozen of some of the richest families in the U.S., from agriculture to beverages, gathered in a conference room on the 10th floor of an office building in Miami.
This was not some cabal to rule the world. Instead, for an hour over coffee and bagels they listened to a dealmaker for billionaire brothers J.B. and Tony Pritzker talk about how to buy companies.
Wealthy families are embracing their inner Warren Buffett, albeit on a smaller scale. They used to hand most of their assets to managers to invest. Now, following the likes of Buffett, Michael Dell and Bill Gates, many are acting like private equity firms, buying large stakes in companies or acquiring them outright. Families can exert tighter control over their money, give the kids something to do and cut their deal fees.
How Family Offices Invest
Bill Gates’ and Prince al-Waleed’s investment in the Four Seasons brings to light the amount of wealth and investment capital held by family offices globally and their approach to investing.
Over $4 trillion is managed by this distinct set of entities set up to manage the assets of wealthy families ranging from the self made to generational and from the low profile and informal to the well publicized and institutionalized.
How New Wealth & Few Rules Fuel Family-Office Boom
What do family offices do? Who has them? How are they regulated? What’s next for family offices?
Read answers to these questions here: https://lnkd.in/dCgyKFj
Family Office Activity Offers Indications for UHNW Markets
Single-family offices (SFOs), the ultra-private organizations that help the world’s wealthiest families oversee their financial affairs, are often viewed as leading indicators for the broader HNW and UHNW markets. Reportedly more UHNW Investors are looking to make direct and alternative investments.
A Practical Example of a Family-Office
To give you a practical, real life example of what a family office is and why they matter, you need to look no further than Steve Jobs, the American founder of Apple Computer and Pixar, who created a “first generation family office” based on his genius, drive, and creativity.
When Steve Jobs died in 2011 due to complications from a relapse of his previously treated islet-cell neuroendocrine pancreatic cancer, his wife, Laurene Powell Jobs, inherited $17.6 billion from the Stephen P. Jobs Trust to become the fourth-richest woman in the world and the 49th wealthiest person on the 2016 Forbes annual list of world billionaires.
Jony Ivy’s short seven minute eulogy in which he describes the “bold, crazy and magnificent” ideas that Steve Jobs inspired embodies the vision and mission that we hold dear at our firm. You can view the eulogy by clicking here.
Are you marketing an emerging hedge fund to UHNW Investors?
Single-Family Offices And The Ultra-Wealthy Are The Keys To Raising Capital For Smaller Hedge Funds. This Forbes article has great advice on capital raising opportunities.