Evaluating Money Managers for Family Portfolios

Abstract

While smaller families can usually get by with mutual funds, index funds, and ETFs, ultra-wealthy family portfolios will more typically use separate account managers, hedge funds, and private equity funds. Performing initial and ongoing diligence on such managers can be a serious challenge for advisors who don’t have experience with these kinds of managers. Nonetheless, it is a skill that you will need to gain—and perfect—if you wish to be competitive in the ultra-wealthy family space.