Nimble Investor
Unlike the big banks, Constellation is nimble enough to pounce on unique investments, Tramontano says. Recently, Abraham and other clients invested in a partnership that's buying apartment buildings across the U.S. The venture is projected to deliver a 7 percent cash flow yield, without the fees that come with doing such an investment through a fund. Abraham even got to meet the partnership's managers before committing his cash, he says.
It's that kind of personal touch that makes family offices popular, Tramontano says. The strategy has certainly worked for Constellation. It has gone from zero to almost $4 billion in assets in just four years.