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Family Offices Urged to Collaborate for Success

by

January 22, 2015

In an editorial on Forbes Insights , Russ Alan Prince, a family office advisor and publisher of Private Wealth magazine, says that his firm’s research shows that single-family offices that have a structure in place to establish and leverage relationships with their peers to share best practices, investment ideas and dealflow, and talent recommendation are in a position to outperform those that do not reach out and interact.

 

His view is that while it’s possible for single-family offices to realize benefits in other ways, “peer-to-peer relationships prove to be one of the most powerful and expeditious methods available”.

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