As the rich rich, family offices erupt in popularity, counting 8,000 around the world and handle about $ 3.1 trillion of assets, according to Dloitte. Followed events and family office conferences.
There are 123 family conferences in 2024, and almost twice as many – 244 – scheduled for this year, Dakota markets in investment professionals.
“People are interested in the world because it is so strong, and it is a capital pool,” says Paul Carbone, a member of the Prista prison of the Prista in a Initiative to family-office At the University of Chicago Booth School of Business. Initial hosts gathered for family offices and said to see a coming need.
“One of the things that are clear is that families are interested in having a conversation with each other, where there are sharp experiences, shared challenges, where they compare the notes,” they say.
Carbone divides these events into four categories: Common commercial sponsored by major institutions such as banks, meetings organized by families, and family aggregations.
“There are trillions of dollars in family space, and are somewhat directly directly to the private equity world,” he added. “If capital users can tap that sized capital pool, it can benefit them and benefit them.”
Raphael “Raffi” Amit, Professor of Management at Wharton School at the University of Pennsylvania, witnessed itself in momentum. The Alliance of the Wharton Global family, built and led by Amit, hosted family gatherings for more than two decades.
Wharton’s gatherings closely, 60 participants are closed from family offices, and are not sponsored. But the lion of the family-office conferences are dominated by sponsors and vendors, he said.
“Families hated – according to our survey – if they go to these conferences and all these vendors bomb them all offers,” Amit said. “We organize it for families, in families, and therefore as a result, the content is very large, very different.”
All the same, event sponsors are eager to get the attention of these elite clients.
This week marks the return of Anthony Ritossa, a famous figure in the circular family families in European and Middle East. The previous salesman of the Hedge fund on the back of The 24th Annual Global Family Investment Summit In Miami, a two-day bash February 18-19 at Trump International Beach Resort.
Ritossa, which of the many years ago “Sir Anthony,” established a hosting conference for offices and investors eager to huse them. Since he has fallen into “Sir” and is the subject of a year investigation and 2022 articles by Vanity Fairthat produces questions about legitimacy in his credentials and business habits.
The vanity fair, referring to previous attendance at conferences, reported that Ritossa accused his background and charged with sponsors between $ 18,000 and $ 200,000 in famous family investments.
Ritossa describes the Fairt Fair reporting as “inaccurate” but refused to comment on CNBC in any particular details. Upon arrival to CNBC comment, he often offers invitations to Miami Conference on a “Given Things to Receive.
After the Vanity Fair article, the ritossa hosted another family summit family on February 2023 and then generally headed from the spotlight. He sold one of his limited companies in the responsibility of the Sovereign Fund Institute, according to American thinking of Chairman in American, Lakshmi Narayanan.
Ritossa does not mention questions from CNBC about selling his business.
Her most recent Summit series entered in Dubai with events in October and December 2024 with a degree of CNBC in Dubai among those who attend Sheikhs and CEOs in the Raffles Family Office, Chi-Man Kwan.
The impression, either above, so ritossa comes with a comeback.
The Miami event invitation says the summit together with a coterie more than 250 high net-de-de-indicative individuals, members of the Middle East Royalty, etc., who represent $ 1 trillion of mulnerers of $ 1 representing drawn assets. the list In 148 speakers and honored guests include some families in the office but a majority cohort, with speakers who represent different industries, from Crypto to medical tourism. Miami Mayor Francis Suarez was interviewed for a fireside chat.
For some attendees, the conference guests reputation, not hosts, most important.
“Within the family community, events are more than any families appear than those who organize it,” says Jonathan Zaback, representing the summit colleagues. “The people still attending because they know to be there. Families go where they feel that they meet other people and friends. For some, these events are one of the few times in one year they will meet each other. ”
