Alvarium Investments, a multi-family office, has opened a new branch in Milan, adding to its 13 existing offices around the world.

Alvarium, which advises on assets worth approximately £18 billion, said it believes it will be the only firm of its type in Italy able to internally offer direct investment services.

“For local families and professionals, this approach will allow for simplified market access and higher returns,” the firm said.

As well...