FYI: Investopedia: (Family offices are private wealth management advisory firms that serve ultra-high-net-worth investors. They are different from traditional wealth management shops in that they offer a total outsourced solution to managing the financial and investment side of an affluent individual or family. For example, many family offices offer budgeting, insurance, charitable giving, family-owned businesses, wealth transfer and tax services.)
Companies that manage portfolios for individual families are looking to increase investments in emerging markets after higher equities helped them achieve average returns of 7 percent in 2016, according to a report by Campden Research and UBS.
Regards,
Ted
http://www.reuters.com/article/us-funds-allocation-familyoffices/family-offices-look-to-emerging-market-equities-for-yield-report-idUSKCN1BM2UM
