Just one-third of registered investment advisers (RIAs) have offered private equity (PE) investments to their clients over the past five years, according to a recent survey by iCapital Network. The survey of approximately 450 RIA firms also found that nearly 70 percent of RIAs who don’t offer PE investment opportunities confirm interest from their clients in that area.
Soon Tracy Treger will begin covering commercial real estate in a regular column for Financial Poise. Here we chat with Treger about her background, which provides her with unique insights on the topic.
Family businesses often carry a lot of behind-the-scenes baggage that can weigh on efforts to develop a smooth succession plan, but there are routes to success. Finding that path is vital if a family-owned enterprise is going to thrive into the next generation. Four out of five U.S. family business owners are not succession-ready, according to the latest research by Baker Tilly International, a global network of independent accounting and business advisory firms.
These days, however, you don’t need to be a household name to consider forming one. Indeed, family offices have recently been growing at a steady pace—fueled by the enormous increase in private wealth that the past two decades have witnessed. There are a number of reasons for this trend—ranging from the creation of tech and Wall Street fortunes to the momentous transfer of assets between generations, to an economic climate favoring entrepreneurs who can strike gold via innovative ideas and businesses.
In Episode 11 of Accredited Investor Markets Radio, host Chris Cahill talks with David Drake about trends in investing among family offices. Reflecting on his extensive family office experience in Europe and North America, Drake discusses how the number of wealthy families has grown and how advice given to them has become professionalized. The stakes for the high net worth families are very high, since by the third generation, 85% of wealthy families are no longer wealthy, according to Drake.