Biggest Family Offices Get Direct Access to Trading Desks

Biggest Family Offices Get Direct Access to Trading Desks

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Feb.18 — Family offices with assets of at least $1 billion are increasingly bypassing private bankers to deal directly with investment bank trading desks, according to Citigroup. The number of private investment firms for the rich has surged over the past decade, with more than 10,000 single-family offices now operating globally, according to accounting firm EY. On “Bloomberg Money Undercover”, Bloomberg’s Lisa Abramowicz and Ben Stupples discuss the trend.

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