Dogged by high costs and low returns, multi-family offices may seek mergers or partnerships. But innovation may also offer a way out of their troubles.
While multi-family offices have much scope to grow, they also face cost pressures and rising expectations from the ultra-wealthy individuals they serve.
India's Waterfield Advisors has started receiving requests from family clients to help them conduct due diligence on foreign multi-family offices, as it starts to internationalise its offering.
Key figures from numerous family offices in Asia gathered in Hong Kong for AsianInvestor's third Family Office Forum, part of AI Week.
Energy, technology and healthcare are sectors increasingly attracting attention – and money – from affluent Asians, and they want advice on such investments.
Wealthy families are not known for their willingness to share information and investment opportunities, but that dynamic is shifting as it gets harder to source good private deals.