Important Points
- Wealthy households are investing an ordinary of $3 million to operate their personal investing wings, recognised as loved ones workplaces, according to a J.P. Morgan Personal Bank report.
- The major expense is staffing, which has turn into more high-priced as relatives offices have tripled in number about the past 5 several years.
- That’s primary to opposition for expertise with banking companies, personal equity companies and hedge cash.
