Private banks are setting up specialist teams to target the growing number of family offices, but must better align their structures to accommodate this demanding client segment

Research suggests family-owned businesses tend to  carry less debt and outperform the wider equity market

With private equity the asset class of choice for the wealthiest clients, private banks are having to boost their internal skillsets

Union Bancaire Privée’s Michael Blake and John Younger of RBC discuss the importance of an integrated investment banking and wealth management model for servicing wealthy families

The Covid-19 pandemic has forced family offices to adopt new technology at pace, helped in no small part by the engagement of younger family members

More mergers between multi-family offices are to be expected as firms look to comply with regulation and embrace technology

Family offices are changing as they respond to the economic effects of the coronavirus, the rise of ESG investing and make increased use of outside experts. While they may present challenges to traditional asset managers, these changes are creating opportunities for family offices

Many family offices have been slow to adopt the latest digital solutions but they must if they are to remain relevant to a younger client base