Smaller companies, independent money managers and boutique firms are clamoring for some of the action.
The trick is to either get their attention, or the attention of the professionals they already work with.
A majority of private wealth creation is a function of successful family businesses.
Advisors who have successful established themselves as thought leaders share common characteristics.
Working directly for some of the richest people in the world brings perks, but also a lot of drama.
Even wealthy, successful families can stumble when it comes to creating a family office.
Significant financial success tends to be dependent upon the ability to source high-net-worth clients.
Wealth managers who can help accountants build more profitable practices are regularly rewarded.
Ultra-rich inheritors want help in making wise philanthropic decisions.
All service models are predicated on maintaining control over the engagement.
Without a meaningful connection or bond, it is nearly impossible to earn wealthy clients' attention or loyalty.
About 40 percent of family offices also provide pay increases above the national average, the Morgan Stanley study said.
Concierge medicine and family security are among the services in demand from multifamily offices.
Specialists can maximize a client's ability to use life insurance to cover estate taxes.
There are a number of essential elements to becoming a thought leader.
Thought leadership needs to be part of an integrated marketing and client recruitment strategy.
The creation of a loan-out company can also provide high-profile clients with tax savings.
The growth of the single-family office universe is making it easier to identify best practices.
Life insurance agents understand the complex aspects of multigenerational wealth.
If you're a skilled financial advisor, it doesn't do you any good if prospective clients don't know about it.