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UBS Debuts Family Office Survival Guide
Josh O'Neill
26 April 2017
' 2016 Billionaires Report found that there were 1,397 billionaires in the US, Europe and Asia-Pacific. The firms estimate that 65 per cent of European billionaires have a family office, compared with 50 per cent of those in the US, and 34 per cent in APAC. A number of banks such as UBS, HSBC, Credit Suisse and Citi Private Bank have dedicated units focused on serving family offices. In 2014, for example, a report from Credit Suisse, EY, and University of St.Gallen, entitled, The Family Office Dynamic: Pathway to Successful Family and Wealth Management, set out a guide to setting up a family office and best practices within the sector.