North America Family Office Guide
North America is home to many strong economies, most notably those of Mexico, the United States and Canada. Wealthy families and high-net-worth individuals throughout the continent are becoming more and more familiar with the family office concept and there are an increasing number of family offices set up in North American countries.
The following free guide to North American Family Offices will help you better understand North American family offices. This guide will provide you with free resources to learn more about North America family offices. You should also check out our 100% free book on family offices.
Introduction to North America
North America is comprised of the following sovereign states and countries: Antigua and Barbuda, The Bahamas, Barbados, Belize, Canada, Costa Rica, Cuba, Dominica, Dominican Republic, Grenada, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Trinidad and Tobago, the United States of America. There are also a number of territories sometimes included in North America. The continent has more than 500 million people and includes some of the most highly developed economies in the world and many economies that are still developing or are of a much smaller scale than that of say, Mexico, Canada or the United States.
Why North America?
While some of the countries in North America are not considered extremely wealthy, Canada, Mexico, the Bahamas, the United States and a few other North American countries have substantial amounts of wealth. The disparity between countries makes it hard to classify North America as a predominately wealthy continent, like you might argue Europe. However, it is home to the US which is currently 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. In many ways, Canada resembles its southern neighbor, especially in the large amount of wealth and the impressive size of its economy relative to its population. The United States, Mexico and Canada lead North America’s banking and financial sectors and contribute the most economically. They are also thet home to most of the wealth in the continent.
Family Offices in North America
The primary destination for family offices in North America is in Mexico, Canada, and especially the United States. The U.S. alone is home to more than 3,000 family offices currently operating in this country, more than any other one country has–making it the biggest family office hub in the world. Canada and Mexico also have considerable wealth and there are many family offices set up in these countries to serve the needs of families and high-net-worth individuals.
The other, less wealthy countries in North America also make up a portion of family offices worldwide, however, the majority reside in the U.S., Mexico and Canada. As interest in family offices continues to grow, it is expected that more and more family offices will open offices in North America–and not only in the United States.
Check out Richard Wilson, CEO of PrivateEquity.com and The Family Offices Group outline trends in the family office industry
North America Family Office Resources Guide
North America Family Office Resource #1: Campden Conferences is hosting “The North American Family Office Conference Prospering From Global Connections” this November in Taj Boston, Boston, MA. Click here to learn more.
North America Family Office Resource #3: This article outlines the need among families and individuals to have family offices manage their money in America.
North America Family Office Resource #4: If you are looking for contact details of family offices in North America 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.
North America Family Office Resource #5: This is a very interesting article about 11 family offices teaming up to invest in Cleantech.
North America Family Office Resource #6: In this document, the history of family offices in the United States and Europe is explained by Dr. Steen Ehlern, the author of “Global Private Wealth Management: An International Study on Private Wealth Management and Family Office Services for Ultra-High Net Worth Individuals”.
North America Family Office Resource #7: Citgroup appoints a North America family office head, according to this article.
North America Family Office Resource #8: This article talks about how American family offices are trying to scoop up talent from hedge funds.
North America Family Office Resource #10: Here is a valuable report, titled “US Family Offices: Best Practices in Providing Financial Services to America’s Most Privileged Households.”
North America Family Office Resource #11: This article is from last month and talks about how American family offices are facing tougher rules and regulations.
North America Family Office Resource #20: If you are looking for contact details of family offices places such as Canada 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.
North America Family Office Resource #21: This press release covers WaterStreet, a leading multi-family office in Canda, and its expansion and additions.
North America Family Office Resource #22: In this article, Northwood Family Office CEO Outlines Why Canada is a Premier Destination for Wealthy Families Looking to Protect and Build Family Wealth.
North America Family Office Resource #23: A survey featured on this Financial Careers Canada website notes that a high number of family offices are looking to hire analysts.
North America Family Office Resource #24: Sloan Levett of the Fuller Landau Private Wealth Advisory Group Inc. has contributed an article on Canadian family offices titled “Multi-Family Office – what is it and is it right for you?” You can read the article here.
North America Family Office Resource #25: This brochure is for a Canadian Family Office Invitational Summit.
Are you an employee or manager of a family office in North America? Then we’d like to keep in touch with you. Simply send us an email at Richard@RichardWilsonCapital.com
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