Chicago Family Office Guide
Chicago is one of the largest cities in America and it is also home to some of the wealthiest families in the country, making it a prime location for family offices. The following free guide to Chicago Family Offices will help you better understand Chicago family offices and provide you with resources to learn more about Chicago family offices. You should also check out our 100% free book on family offices.
Introduction to Chicago
Chicago is one of America’s best known cities, home to the Cubs, great pizza and, of course, President Obama. More relevantly, Chicago has a major financial district and is very important to global business and finance. Chicago is one of the richest cities in the country, one of the most populated in the country, consistently ranked as one of the most economically important cities and financial capitals of the world.
Chicago is a major financial center and as such is home to a lot of wealth and a lot of wealth managers. There are many family offices in Chicago and many more family offices and wealth management firms have at least a branch office located in the city. With a well-developed finance industry, Chicago is a natural hub for family offices and local families should be more familiar with the family office concept than other less financially-driven cities.
Family Offices in Chicago
Chicago makes sense from an investing standpoint, most family offices prefer to invest locally and allocate money to local investment funds and there are a high number of fund managers and banks in the Chicago area. Furthermore, there are a high number of wealthy families living in Chicago who require the services of family offices. According to recent estimates, Chicago is home to at least one of the largest family offices by total assets and one of the largest family offices by number of clients. The city also hosts family office industry conferences and is one of the bigger American family office hubs.
The following is a collection of Chicago family office resources:
Chicago Family Office Resources Guide
Chicago Family Office Resource #1: A Chicago-based law firm offers its outlook for the family office industry in 2011.
Chicago Family Office Resource #2: Here you can read an article on Positioning the Small Family Office for the Future by a Chicago-based family office organization.
Chicago Family Office Resource #3: If you are looking for contact details of family offices in Chicago 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.
Chicago Family Office Resource #4: Here is a frequently asked questions page on family offices that will give you some insight into the basics of family offices including an estimate of the number of family offices in the US.
Chicago Family Office Resource #5: 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.
Chicago Family Office Resource #6: Perhaps a sign of the growing popularity and even trendiness of the family office; the NYT article covers Chicago’s Ophrah Winfrey and her decision to use a family office.
Chicago Family Office Resource #7: Here are some job listings for family office controller positions in Chicago.
Chicago Family Office Resource #8: This article outlines the need among families and individuals to have family offices manage their money in America.
Chicago Family Office Resource #9: This article is on the same topic, based on a survey of hedge funds and family offices in America.
Chicago Family Office Resource #10: This article is from last month and talks about how American family offices are facing tougher rules and regulations.
Are you an employee or manager of a family office in Chicago? Then we’d like to keep in touch with you. Simply send us an email at Richard@RichardWilsonCapital.
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