The next generation of family offices is taking more control of structures and assuming more management control. The people who are next in line to take over existing single-family offices (SFOs) are making wholesale changes to operations, the range of services and personnel.
This is revealed in a survey(1) of nearly 100 SFOs by Rothstein Kass. The younger generation is motivated by a desire to increase professionalism and improve performance of SFOs.
The new generation of leadership is