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Multi-Family Offices Surge In Popularity
More families are seeking access to this kind of bespoke help.
By Jerry D. Prince and Russ Alan Prince
IN THE PAST TWO DECADES, THE WEALTH management industry has seen the rise of multi-family offices offering a comprehensive range of services. More of these offices are emerging as wealth management grows increasingly complex, as clients demand more personalized service, and as the landscape of global financial markets changes.
Such offices have also increasingly captured the attention of ultra-high-net-worth families( those with a net worth of $ 30 million or more, many of whom hold investable assets of at least $ 10 million). As these families pursue more efficient custom solutions, multi-family offices look like an attractive alternative to traditional wealth management providers such as financial advisors and private banks.
We recently performed a study of 264 wealthy investors, and 70 % said they wanted the same advantages that single-family offices offered to the super-rich. Nearly nine out of 10 wealthy individuals with a net worth greater than $ 30 million were strongly attracted to the family office model. Eight out of 10 investors with between $ 10 million and $ 30 million said they were attracted to the model, while about three out of five of those with $ 1 million to $ 10 million said they were.
What Is A Multi-Family Office?
These firms meet the financial and non-financial needs of multiple families( as opposed to firms focused on one wealthy family). The best of the multi-family offices coordinate experts— who may either be part of the firms or part of a carefully curated network of specialists.
The Wealthy Prefer Family Offices By Net Worth
88.9 %
>$ 30M
N = 264 Wealthy Individuals
80.7 %
Between $ 10M and $ 30M
58.5 %
72.2 %
<$ 10M Weighted Average
Several things make these offices the preferred choice of ultra-wealthy families. One is that wealth management for the ultra-rich has become increasingly complicated. These clients typically possess diversified portfolios. Many of them are involved in global businesses and have intricate financial situations. Managing this wealth demands investment expertise and knowledge of tax laws, estate planning, international regulations and succession planning.
Multi-family offices can help by assembling teams of experts
24 | FINANCIAL ADVISOR MAGAZINE | JULY / AUGUST 2025 WWW. FA-MAG. COM