Like a household with a foggy mirror, the family office business in Canada has never really had a complete picture of itself. Existing research on family offices worldwide is extensive, but much of the data comes from the United States, Europe and other locales.
To get a better view, Canadian Family Offices conducted its first survey of multi-family offices in July and August of this year. We asked about their firms—number of clients, assets under management, location, and so on—as well as what they are investing in and what they see as key internal and external challenges, among other things.
About 50 firms responded, and while the data and subsequent analysis are intended to be directional rather than definitive, we hope the results will provide food for thought and informed debate in the family office ecosystem. The data yielded in the survey will also serve as a baseline for future surveys.
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Here are some findings from the survey report:
- A breakdown of multi-family offices across Canada by size, AUM and minimum assets required of clients.
- Details about their revenue models, client service models and portfolio allocations.
- A ranking of their chief concerns.
- Insights into where MFO clients invest (and where they don’t).
Canadian Family Offices would like to thank all the firms that participated in the survey, as well as the many family office experts who helped us put it together.
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