Bailey McCann, Opalesque New York:
Family offices are gaining renewed prominence as a wealth management option for high net worth individuals. As Opalesque recently reported, some of the most talented hedge fund managers and executives are beginning to leave the business in favor of opening their own family offices, adding a new dynamic to what has historically been a rather secluded corner of the investing world. Angelo Robles leads the Family Office Association, and recently sat down for an Opalesque TV interview to discuss these trends.
The Family Office Association is based in Greenwich, Connecticut and has been supporting single family offices nationwide since 2008. The organization currently has 200 members and acts as a private club for single family offices. Robles explains that providing a private setting for single family offices to connect in has been critical to its growth, " its an opportunity for them to really have significant dialogue internally," he says.
Historically, family offices have been a secretive part of the investor landscape. Typically, family offices rely on personal networks of like minded and trusted individuals in managing their wealth as the number of possible reputational and security concerns continues t......................
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