Nicholas Khan-Roper, Chartered FCSI, chief investment officer and head of wealth at Advantage Family Office in Dubai, outlines the impact of different methods of asset allocation on portfolio performance
A family office is a privately held entity or company, set up for the sole purpose of managing the assets and affairs of a single family or a group of single families. Assets are personal and investable, and affairs relate to the softer side of the advisory scope. This could include advising on the purchase of a private jet or even selecting schools for the children.
The concept of the family office has been around for many years, with the Morgan family being a good early example. The House of Morgan, originally set up to manage the affairs of the family, grew into what has become the behemoth organisation known as J.P. Morgan.
A family office can be a single family office (SFO), a multi-family office (MFO), or can offer single services focused on advising ultra-high-net-worth (UHNW) families.
This article focuses on asset allocation considerations for SFOs, with a core focus around allocation to capital markets.
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