Wealth Managers for Families with $20 Million Plus

The Family Office Exchange of Chicago (FOX) is a good place for families to go if they need education on how to run family offices or are contemplating whether they should set up a family office. FOX recently created a FOX Leading Wealth Advisors lists for families that have $20 million or more in investable assets.

Sarah Hamilton, CEO and founder, pointed out that the company chose that cut-off point for the list because a “behavioral attitude” kicks in at that point where the wealth owner feels that he or she has more money than he or she could spend in a lifetime. This is the point where families start seriously considering passing down their wealth and thinking about legacy and philanthropy issues that accompany that transfer. 

The advisors on the list are capable of providing a broader range of services and was compiled by assessing wealth management firms based on 10 criteria and 33 metrics. Hamilton created this list primarily from FOX members, but Hamilton insists that being a member of FOX is neither a prerequisite nor a guarantee of inclusion. She further points out that the list is a work in progress. 

See Wealth Advisors for the Point One Percent, Barron’s, June 6, 2012. 

Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this article to my attention.