Private Wealth and Family Offices

The Global State of Family Offices

Our most popular paper on Family Offices is a 20 page document from CapGemini Consulting, which considers the steps Family Offices should take to successfully compete with traditional wealth management firms.

The Global State of Family Offices

With private banks and wealth management firms offering family office services to the uber-rich, they are now direct competition to smaller family offices. Family offices have a competitive advantage, in that they tend to be trusted more highly than banking institutions. However, they face numerous operational, legal and technology issues which many are struggling to deal with.

A number of operational ideas are suggested that may be worthy of consideration for Family Offices seeking inspiration:

  • Partnering with Registered Firms
  • Partnering with a Multi-Family Office
  • Outsourcing of non-core Support Functions to IT Service Providers
  • Adopt a Lean Business Model by Outsourcing Non-Core Function

Read the paper in full:

CapGemini Consulting (2015) The Global State of Family Offices

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