The Modern Family Office Must be a Multi-Generational Multi-Family Affair, Say Executives

Thanks to a changing economy, and the changing face of wealth management, the family office business will never look the same.

For one thing, the era of single family offices is essentially over, with a few exceptions as holdouts, said Dr. Lisette Cooper, chief investment officer at Athena Capital Advisors during the 2017 Invest in Women conference on Wednesday, done in by the complexity of managing ultra-high net worth clients and the volume of demand for differentiated wealth management services.

“I came from the institutional side of the business, working with very wealthy families, and still most of them could not afford a single family office,” said Cooper.

from FA News http://www.fa-mag.com/news/the-modern-family-office-must-be-a-multi-generational-multi-family-affair–say-executives-32723.html

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