Private Asset Management

Family Offices Face Consolidation, New Talent Hunt 11/23/2009

Multi-family offices are getting ready for a wave of consolidation and joint ventures next year as single-family offices continue to struggle. According to The Family Wealth Alliance’s 2009 Multifamily Office Study, 32.8% of firms surveyed said they are likely to acquire a smaller firm in the next 12 months, and 13.6% say they are likely to merge with a firm of equal size. MFOs are also in the midst of searching for qualified family office advisors and have ramped up hiring efforts.

One such firm grappling with these issues is BNR Partners, a Chicago-based multi-family office. It’s currently considering an acquisition or partnering with another MFO or ...

To read this article, please subscribe or take a free trial.

Subscribe Subscribers have unlimited access to all current content, email alerts and breaking news. Start your subscription today - click on the button below. Subscribe		Free Trial Taking a free trial will give you access to the current issue, email alerts and breaking news for a limited period. Start your free trial today. Free Trial

Already Have An Account? Username: Password: