Family Office News

Christina Armentano from Paraco Gas: When is it the Right Time to Join the Family Business?

Paraco Gas is celebrating its 50th anniversary this year. The third-generation family firm is the 10th largest propane retailer in the United States, serving 120,000 customers throughout the northeastern U.S. Half a century ago, Pat Armentano, Paraco’s founder, began selling propane out of his garage in Mount Vernon, New York. His granddaughter, Christina, the Executive […]

Read More »

When Cash Is Not King: The New Favorite Investment Options For Family Offices

Family offices are doing some strategic planning in response to long-term low interest rate environments and high fees associated with institutional funds by deploying capital into higher yielding, more illiquid assets. Alternative investments now comprise nearly 46% of family portfolios, with real estate (17%) and private equity (22%) the most significant contributors. However, equities remain […]

The post When Cash Is Not King: The New Favorite Investment Options For Family Offices appeared first on Simple.

Read More »