According to Financial Services Provider, Fidelity, a Family Office costs in the region of 1% of total Assets Under Management. While 1% may not seem like much, with over a third of Family Offices in our network managing more than $1BN of assets, Family Offices can cost upwards of $10M a year.

With tens of millions at stake, cost-cutting has never been more important and with 60% of those costs spent on staffing and staff related costs, we think hiring is the perfect place to start.

Download our short guide to cutting costs to discover:

  • Our five top tips on cutting costs in the Family Office
  • The percentage of Family Office costs spent on hiring and related staff costs
  • The number of Family Offices ‘going virtual’ to cut costs
  • How bringing resources in-house can cut up to 80% of Family Office costs

Download the guide here.

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