thewealthnet

Outsourcing is in as family offices feel the cost crunch

Emelia Wild, 25/11/2022

As private client professional will know, catering to the very rich does not make a firm - or its clients, for that matter - immune to rising costs.

Indeed, rising inflation means building experienced teams, implementing the latest technology and scaling operational infrastructure in-house is becoming increasingly expensive, especially for single family offices.

UBS’ 2022 Global Family Office Report included an entire chapter entitled “mounting costs expectedâ...


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