Los Angeles Family Office

Los Angeles Family Office

Los Angeles is one of the wealthiest cities in America and due to its extraordinary number of media, film and business executives it is a natural hub for family offices.

The following free guide to Los Angeles Family Offices will help you better understand Los Angeles family offices and provide you with resources to learn more about Los Angeles family offices. You should also check out our 100% free book on family offices.

Introduction to Los Angeles 

Los Angeles is one of the most populated cities in America, and for good reason: the city is home to many attractions such as Hollywood, sports and entertainment franchises, celebrities, wealth and luxury.  More generally, California is the largest state in America with more than 10 million people above the second most populated state.  California is also one of the biggest hubs for family offices as it is home to a high number of wealthy families and ultra-high-net-worth individuals.

Why Los Angeles?

Los Angeles is home to some of the wealthiest families in America and serves as the big financial hub of the West Coast attracting many financial professionals and wealth management firms.   Increasingly, family offices are launching in the Los Angeles area to manage the wealth of and provide services to celebrities, executives and other wealthy families in the city.

Family Offices in Los Angeles 

The United States has an estimated 500-1000 single-family offices and around 2500-3000 multi-family offices that manage $300 billion and $750 billion.  Although the highest proportion reside in New York, many family offices are in California, especially Los Angeles, to service the high number of wealth individuals and families across the California cities.

California, particularly Los Angeles and Hollywood, is home to many of the wealthiest people in America due to the fact that many celebrities, media personalities, actors and actresses, athletes and musicians reside in the area.  This is one big reason that family offices choose to focus on California and often headquarter in Los Angeles or a nearby city, or at least maintain an office in the region.
Although the financial crisis and subsequent recession have certainly had an impact on even the wealthiest in Los Angeles (notably the state has developed a severe budget crisis) there is still a great demand for family offices in Los Angeles.

The following is a collection of Los Angeles family office resources:

Los Angeles Family Office Resources Guide

Los Angeles Family Office Resource #1: This article gives an overview of the family office industry and explains briefly why California is such a popular destination.
Los Angeles Family Office Resource #2: If you are looking for contact details of family offices in Los Angeles you may want to consider using a Family Offices Database.  A Family Office Database provides you with the complete contact details for 100′s or sometimes even up to 1,000 global single and multi-family offices within an easy to use Excel spreadsheet format.  Learn more about this by clicking here. 
Los Angeles Family Office Resource #3:  Here is a news story Oprah Winfrey hires Los Angeles-based money manager  to help manage her family office.
Los Angeles Family Office Resource #4:  If you’re in Los Angeles, you can attend the conference, Creating a Multi-Family Office Practice: Guidleines for Advisors and Centers of Influence Targeting the Financial Elite, Directed byHannah Shaw Grove, November 8, 2011Regal Cinemas L.A. Live Los Angeles, CA
Los Angeles Family Office Resource #5: Here is our FamilyOfficesGroup.com guide to California Family Offices.
Here is a valuable report, titled “US Family Offices: Best Practices in Providing Financial Services to America’s Most Privileged Households.” 
Los Angeles Family Office Resource #6: Here is a formal classification of the family office in America by the Securities and Exchange Commission.  This document makes clear the family office’s exemption from regulation under the Investment Advisers Act.   
Los Angeles Family Office Resource #7:   With the merger of two California-based wealth management firms, Kochis Fitz in San Francisco and Quintile Wealth Management in Los Angeles, one of the largest multi family offices in California emerged: Aspiriant.  Please note this is in no way an endorsement of this California family office but it is a very large family office headquartered in California.
Los Angeles Family Office Resource #8:  This report covers “PwC Family Business Survey 2010/11 2011 US family business survey report: Private company services: PwC Download Choosing your next big bet: A US perspective.”
Los Angeles Family Office Resource #9: Here is the FamilyOfficesGroup.com guide to American Family Offices.
Los Angeles Family Office Resource #10:  Here are some California family office job listings.
Los Angeles Family Office Resource #11:  This article talks about how US family offices are trying to take away talent from American hedge funds.  
Los Angeles Family Office Resource #12:  This article is on the same issue and is based on a survey of family offices in the US.  
Los Angeles Family Office Resource #13: Here is a FamilyOfficesGroup.org regional profile of North America Family Offices.
Los Angeles Family Office Resource #14: This article outlines the need among families and individuals to have family offices manage their money in the US.   
Los Angeles Family Office Resource #15: Here is a valuable report, titled “US Family Offices: Best Practices in Providing Financial Services to America’s Most Privileged Households.” 
Are you an employee or manager of a family office in Los Angeles?  Then we’d like to keep in touch with you.  Simply send us an email at Richard@RichardWilsonCapital.com

Be sure to check out FamilyOffices.com for our family office database and our free book on family offices.

Related Resources

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