Family offices
Editorial writing on Family offices from The Family Office Almanac.
Alternatives now outweigh traditional assets in family office portfolios, BNY Wealth finds
BNY Wealth's 2026 study of 290 family offices, reported on 13 October 2026, finds that less than half of portfolios now sit in public equity and real estate. The definition of 'alternatives' and a larger sample both matter when reading the headline.
After the $29bn Restaurant Depot sale, the Kirsh family hires for an institutional family office
The Kirsh family is recruiting a chief investment officer, an investment committee and heads of public and private investments ahead of Sysco's $29bn purchase of Jetro Restaurant Depot. What a liquidity event of this size asks of a family office.
Carlyle creates a dedicated family office group, with a London lead for Europe and Asia
Carlyle has hired David Seeberan as global head of a new family office group and Victoria Matthews, formerly of BlackRock, to run it across Europe and Asia from London. What the move says about how large managers now approach families.
Northwestern Mutual puts 40 specialists behind a family office label
On 29 September 2026 Northwestern Mutual launched Family Office Services, a retainer-funded bench of more than 40 in-house specialists for clients with at least $50 million. The structure says something about what the term now covers.
Family members running family offices are paid less than the professionals they hire
The 2026 North America Family Office Report from RBC and Campden Wealth, published on 29 September 2026, surveyed 155 offices. It records a 44% pay gap between non-family and family chief executives, and a private markets book where nearly half of attempted fund exits did not complete.
A cloned voice and a WhatsApp message moved €95m out of Intesa's private bank
Fideuram, Intesa Sanpaolo's private banking arm, sent about €95m abroad in February after its chairman was deceived by a fake message and an AI-generated voice. Roughly €53m came back. The rest became cryptocurrency.
HMRC has given every UK billionaire a named handler. Advisers are asking what it is entitled to see.
HM Revenue and Customs wrote to every billionaire with a UK tax footprint over the summer, appointing a customer compliance manager to each. The pushback became public on 24 September 2026, and it is a question about statutory authority, not about willingness to pay.
A third of family offices expect a leadership change within five years, Citi finds. Most are not ready for it.
Citi Wealth's 2026 Global Family Office Report, published on 22 September 2026, surveyed 351 family offices in 41 countries. Portfolios performed well and public equities took the incremental capital. Succession is where the survey turns uncomfortable.
Citi builds a vetted list of specialists for its family office clients, and takes no fee for the introductions
On 10 September 2026, Citi Wealth launched The Specialist Collection, a curated network of outside providers in seven areas, from cybersecurity to private aviation, for its North American private bank and family office clients. The bank has not published who is on it or how they got there.
AlphaCore buys a $5bn family office and keeps it out of the investment business
AlphaCore Wealth Advisory has acquired Streamline Family Office and will run it as a separate, deliberately non-advisory affiliate that continues to serve rival wealth managers.
Michael Dell's family office backs a $7.7bn take-private of insurance broker Baldwin
DFO Management and Sequence Holdings have agreed to acquire The Baldwin Group in an all-cash deal valued at about $7.7bn, one of the largest public-to-private transactions led by a single family office.
Sawiris family office crosses majority control of OCI Global
NNS Holding, the private family office of Egyptian billionaire Nassef Sawiris, has lifted its combined stake in OCI Global above 55% as its all-cash bid to take the chemicals group private advances.
New SEC guidance could name the family offices behind activist campaigns
Staff interpretations issued by the SEC in July may require activist funds to disclose the investors financing a campaign, including family offices that value their anonymity.
Hedge Funds Record One of Their Strongest First Halves in Decades
PivotalPath data shows the hedge fund composite returned 7.3 per cent in the first half of 2026, its best start since 2013. The gains land as family offices weigh a return to a strategy many had trimmed.
Three-Quarters of Family Offices Plan to Increase Alternatives Exposure, Ocorian Study Finds
A global survey of 200 family office professionals managing $119 billion finds that 75 per cent expect to take on more investment risk over the next 12 months, with private equity leading the shift into alternative assets.
What we are reading about family offices
No noise, no selling. A measured take on what's moving across family offices and private wealth.