Family business rewards billionaires

European family offices allocate twice as much of their clients' wealth to cash as their American counterparts, and a fifth less to equities, according to research by US-based Family Office Exchange.

The survey revealed that while high-net-worth families across the world have much in common, strategies for managing their wealth vary considerably. However, these differences in approach are also accompanied by a strong desire on the part of European and American financial families to learn and