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December 14, 2012

External asset advisers are benefiting from a growing distrust among wealthy families in big banks, according to a director at financial research firm Cerulli Associates.

External asset advisers are benefiting from a growing distrust among wealthy families in big banks, according to a director at financial research firm Cerulli Associates.



Following the 2008/2009 financial crisis, Bing Waldert reckons the wealthy are increasingly using multi family offices to manage their money – and MFOs in turn are making use of external asset advisers. 
 

August 31, 2011

Asset managers are failing to connect with family offices, despite family offices controlling up to $1 trillion of the US’s wealthiest families’ assets, a report from Cerulli Associates shows.

Asset managers are failing to connect with family offices, despite family offices controlling up to $1 trillion of the US’s wealthiest families’ assets, a report from Cerulli Associates shows.

Robert Testa, lead author of the report, said this disconnect is influenced by business development strategies and ongoing support issues.

Read the full story over at CampdenFO.  

August 23, 2011

Family-owned financial adviser Rothschild is to take over Elgin Capital, in a move that will significantly increase the group’s leveraged buyout loans.

Family-owned financial adviser Rothschild is to take over Elgin Capital, in a move that will significantly increase the group’s leveraged buyout loans.

A spokesman for Rothschild confirmed the plans but refused to provide a timeline for the completion of the deal. He told CampdenFO that the acquisition will triple Rothschild’s leveraged loans under management, which will help the business take advantage of the associated higher returns.

February 15, 2011

Billionaire Ernesto Bertarelli’s new asset manager, Northill Capital, is set to complete its first deal from a potential $1 billion war chest, according to a report in Financial News.

Billionaire Ernesto Bertarelli’s new asset manager, Northill Capital, is set to complete its first deal from a potential $1 billion war chest, according to a report in Financial News.  

John Little, who joined Northill last year after being vice-chairman of asset management company BNY Mellon, told Financial News: “Northill has $1bn from the family to deploy, in seed capital or equity capital. That is a target, it could be more, it could be less.”

January 12, 2011

Frontier markets could see an annual growth of 11% over the next 10 years, predicted asset managers Swiss & Global Asset Management, outperforming many developed and mature emerging markets.

Frontier markets could see an annual growth of 11% over the next 10 years, predicted asset managers Swiss & Global Asset Management, outperforming many developed and mature emerging markets.

Good economic prospects, strong demography and limited penetration by the stock market when compared to the overall GDP are some of the factors that can help these frontier markets grow, said the study.

July 29, 2010

The Bertarellis, one of the world’s wealthiest families, are to build a global asset management franchise and have hired a senior BNY Mellon banker to run it.

The Bertarellis, one of the world's wealthiest families, are to build a global asset management franchise and have hired a senior BNY Mellon banker to run it.

Asked what type of client the new venture would target, a spokesman for the family told campdenFB.com: "We will not target a single niche – although a retail focus is unlikely – a lot of it is dependent on acquisitions."

May 20, 2009

Swiss wealth manager Julius Baer has announced it is to separate its private banking and asset management businesses into two fully independent entities on the Swiss stock exchange.

Swiss wealth manager Julius Baer has announced it is to separate its private banking and asset management businesses into two fully independent entities on the Swiss stock exchange.

Julius Baer Group Ltd will be a leading pure-play private banking group, with a focus on servicing and advising private clients. GAM Holding Ltd will be an independent active asset manager, composed of GAM, Artio Global Investors and Julius Baer Asset Management Europe.

May 7, 2009

The Majid Al Futtaim Group, a Middle East-based family-owned business, is offering the services of its financial management experts to institutional and professional investors with the launch of Majid Al Futtaim Asset Management.

The Majid Al Futtaim Group, a Middle East-based family-owned business, is offering the services of its financial management experts to institutional and professional investors with the launch of Majid Al Futtaim Asset Management.

The new entity enables external investors to benefit from the collective experience of a fund management team through the Majid Al Futtaim family office.

June 1, 2002

Increasingly, family business members expect a far more specialist knowledge in asset management from their advisors and it is up to the potentional advisors to be able to supply relevant and informed advice, taking into account their client’s individual needs

Maurice Smith is a business journalist with 20 years' experience in newspapers and broadcasting. He is the author of Great Scots Families in Business.

Increasingly, family business members expect a far more specialist knowledge in asset management from their advisors and it is up to the potentional advisors to be able to supply relevant and informed advice, taking into account their client's individual needs

A successful British business-owning family decides to sell out to an American rival, after months of deliberation.

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