By Rupert Phelps, partner for family office services, Smith & Williamson Investment Management
Single family offices (SFO) are often regarded as a “holy grail” for financial services firms to know.
The decision-makers of these buy-side private capital pools represent the potential for substantial and annuitised fees for sell-side services offerings.
In the UK, SFOs may employ 5 or 50 (or more) people in SW1 or some rural clime, and everything in between, and merely administer a relatively small fortune (say £100 million) or manage...
