Should be noted that the S&P 500 did over 18% in 2017, so anyone who bought an index linked ETF for example would have beat those family office 15% returns.
A family office is basically a lawyer (or two), an accountant (or two), and a money manager (or two) dedicated to the business of someone who can afford to personally employ them rather than share them with other people. They don’t have a huge advantage over similar services these people could get from separate firms.
3 Likes
