Costs of family offices are expected to rise in the next three years, according to UBS’s annual global family office report.
The survey consists of respondents from 221 single family offices with a collective wealth of $493 billion, and collective assets under management of $2.2 billion.
The report revealed that 54 percent of family offices expect staff costs to rise. This includes costs such as hiring, salaries, and bonuses.
Regionally, US family offices are most likely (...
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