Apr 1, 2010 12:00 PM

No Train Wreck, Now What?

Single family offices were braced for a crash. It didn't happen

Despite the dire economic prospects of 2008-2009 and many families' fears that they'd have to shut down their single family offices (SFOs), the train never went off the rails.1

To keep firmly on track, they're thinking outside the box, considering collaborating with other SFOs and multi-family offices in new ways. For example, there's more talk about SFOs sharing a chief investment officer, or joining to perform due diligence on investment managers, or using each other's specialized knowledge in, say, personal security, fine art management, or airplane ownership. They're even sharing office space in major cities to keep the overhead down.

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