California Family Office Guide

America is home to more family offices than any other country at an estimated 3,000 family offices.   One of our firm’s offices is located on the West Coast so we are very familiar with family offices and wealth managers in California.  California has the highest population of any state and there is a high concentration of wealth throughout California in cities like San Francisco and Los Angeles.Due to the high concentration of wealth among many families and UHNW individuals in California, there are an ever-growing number of family offices opening to service them.
The following free guide to California Family Offices will help you better understand California family offices and provide you with resources to learn more about California family offices.  You should also check out our 100% free book on family offices.


Introduction to California


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.


More generally, the United States currently has the largest economy in the world.   In terms of GDP purchasing power parity, as of 2010, the United States ranks number one with $13.86 trillion.  The U.S. has long been known as a business and financial capital.  However, the United States was hit perhaps the hardest by the financial crisis and is still struggling to recover.


Why California


Besides being a very pleasant area for wealthy individuals to work or retire, California is also an attractive destination for businesses.  With the glamour of celebrity and the beauty of the region, many wealthy families and individuals live in California and family offices have sprung up to serve these clients.  Like New York, California is sure to always be a hub for wealthy families and therefore a top destination for family offices and wealth management firms.


Family Offices in California


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 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 California, there is still a great demand for family offices in California.  The following is a collection of California family office resources:


California Family Office Resources Guide


California Family Office Resource #1: Here is a San Francisco Networking Event for Family Offices in San Francisco.


California Family Office Resource #2: Here is the guide to American Family Offices.


California Family Office Resource #3:  If you are looking for contact details of family offices in California 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. 


California Family Office Resource #4:  This article outlines the need among families and individuals to have family offices manage their money in the US.   


California Family Office Resource #5: Here is a valuable report, titled “US Family Offices: Best Practices in Providing Financial Services to America’s Most Privileged Households.” 


California 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.   


California 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.


California 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.”


California Family Office Resource #9: This article gives an overview of the family office industry and explains briefly why California is such a popular destination.


California Family Office Resource #10:  Here are some California family office job listings.


California Family Office Resource #11:  This article talks about how US family offices are trying to take away talent from American hedge funds.  


California Family Office Resource #12:  This article is on the same issue and is based on a survey of family offices in the US.  


California Family Office Resource #13: Here is a regional profile of North America Family Offices.


California Family Office Resource #14: Be sure to check out for our family office database and our free book on family offices.
California Family Office Resource #15: We have put together a guide to Los Angeles Family Offices that you can peruse here.
Are you an employee or manager of a family office in California?  Then we’d like to keep in touch with you.  Simply send us an email at

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