The family way

The interest in family offices, in all its forms, has resurfaced with a vengeance in the asset management and private banking world. The timing of such renewed interest is worth examining, as well as the reasons behind it. The concept of the family office is by no means new. In essence, the genesis point of private banking is effectively the family office. This is the case if one accepts the principal structure of the family office commences as an independent administrative hub managing the financial needs of an individual family. Over time, as the wealth of the family grows and the nu...