

Rising Costs and Disputes Force Some Family Offices to Close
Rising costs and family disputes are driving an increase in family office closures, advisers say, even as the sector continues to expand in the United States. There were nearly 3,200 single-family offices in 2024 managing USD1.3tr, according to Deloitte estimates, but for some families the overheads are increasingly outweighing the benefits, particularly those with USD250m to USD750m in assets. Advisers point to intense competition for experienced staff pushing up compensatio
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