SuperyachtNews – September 2017
How are these organisations working to understand the processes of managing a yacht, in order to help owners?
In issue 180 of The Superyacht Report, Katherine Ellis, group director of Boston Multi Family Office, explained how the family office sector is becoming more commercially savvy. There is a growing trend in these organisations where they are actively working to make sure their involvement with the yachting industry is as productive as possible.
“Family offices are private businesses built solely to service the wealth of their owner, or owners. Such a private arrangement is growing in popularity internationally, versus the alternate model of solely using third party wealth managers and advisors,” begins Ellis. “This is largely because of the protective independence and impartiality they offer, aligned solely to the owner’s values, compared to the potentially avaricious service of managers with Assets Under Management targets to hit.”
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