Rising costs on the horizon in 2023 for family offices

The cost-of-living crisis is hitting everyone hard, and family offices are no exception to this, says Lucia Perchard, head of family office product - corporate solutions.  In the current environment, the cost of building experienced teams, implementing the latest technologies and scaling operational infrastructure in-house may become more prohibitive, especially for single family offices. However, while rising costs will have a lesser impact among the larger family offices, or multifamily offices, we expect to see our clients re-evaluating what can be outsourced to drive greater effic...