Why the Ultrawealthy Favor Family Offices

businesswoman smiling at two clients, man and woman

Six benefits they offer.

By Russ Alan Prince and Anthony Glomski
Your $5-Million High-Net-Worth Practice

In many ways, the accounting industry is under pressure from fee compression and seriously increasing competition. The current crisis is exacerbating the problems some accounting firms are having.

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At the same time, certain types of clients and sets of services prove to be extremely profitable for accounting firms. One such type of client is the ultrawealthy. Furthermore, a potentially highly profitable segment of the ultrawealthy is those with single-family offices.