July 31, 2019 |
Family offices have been a cornerstone of Latin America’s wealth management practices for more than a century. Initially these personal asset managers were created to look after the wealth of ultra-high net-worth families, many of whom own or sold off large companies. Now they have become key innovative players in the wealth food chain.
Traditionally, many seek out local opportunities in real estate, with a member of the family designated as the lead money manager. But a new generation of more sophisticated kin dismiss the commodified offerings traditionally pushed by big banks and are seeking more tailored investment solutions. Many are hiring seasoned financial professionals to invest dire
Traditional players offer a wide range of investment opportunities