Family Office

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Rockefeller Capital draws new investment from Chanel family office and others

Rockefeller Capital Management — the modern successor to John D. Rockefeller’s historic family office — has attracted fresh investment from some of the world’s wealthiest families, according to CNBC.

Mar 12
Wladimir Klitschko Family Office Manages Boxers $100 Million Fortune as he Heads to War

Boxing Legend Wladmir Klitschko is fighting for his homeland, along with his brother Vitali, the mayor of Kyiv, and a one-time prize fighter. The formers personal fortune is left in the hands of Kostya Kovalchuk, who is also Ukranian and tending to his wealth through his family office, KLIWLA.

Mar 05
UBS Restructures Global Family Office Unit for Wealthy Clients

UBS Group AG is restructuring its unit that serves its wealthiest clients to tie the needs of billionaires to its investment banking business

Mar 04
Executives of Wells Fargo Break Away to Launch Family Office

Jack Ginter, the former president of Abbot Downing (a business of Wells Fargo), has left the business to start Callan Family Office. The latter is an independent wealth management firm that will serve ultra-high net worth individuals, families, and foundations and provide customized services, similar to large private banks.

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It wasn’t until the 1980s that family offices started to multiply, first in the US, then elsewhere. It was around that time that the wealth held by families began to grow at a significantly faster rate.

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