This was first published on EuroMoney on the 28th of June 2021
The global multi-family office (MFO) is growing up fast. It seems that every month, this once-niche corner of wealth management gets a foot taller.
The latest firm to catch the eye is London-based McFaddens & Co. In April 2020, it decided there was a lot of money to be made by serving high net-worth (HNW) individuals, and set about creating its own MFO, with offices in London and Sydney.
In May 2021, it took the next step in its evolution by opening an office in Dubai, a move that adds $300 million to its investment portfolio, taking total assets under management to $1.6 billion.