RT Journal Article
SR Electronic
T1 Are You Rich Enough for a (Single) Family Office?
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 29
OP 32
DO 10.3905/jwm.2018.20.4.029
VO 20
IS 4
A1 Bernd Scherer
YR 2018
UL https://pm-research.com/content/20/4/29.abstract
AB Are you rich enough for a family office? Focusing purely on the financial economics of a family office, the author derives the minimum AUM compatible with the family office’s investment management skills and costs versus the family benchmark alternative as well as its risk aversion. He finds that rules of thumb like “the minimum size for a family office is 100 million” can be grossly misleading. The analysis is equally applicable to choosing the threshold size for in-house asset management.TOPIC: Wealth management