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[Single family offices (SFOs), which are professional organizations dedicated to managing family wealth and family matters, represent the leading edge of a broad trend in substantial personal wealth accumulation. The worldwide concentration of wealth in the hands of relatively few is well documented. As the rich grow even richer, and particularly as fortunes filter down through generations, wealth management becomes ever more complex. It is in this context that SFOs — dedicated to the service of one multi-millionaire or billionaire family — have evolved.]
Published: Oct 21, 2015
Keywords: Real Estate; Family Business; Hedge Fund; Audit Committee; Private Equity
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