Andrew Ross SorkinPrivate banks are moving to reposition client portfolios after a sharp oil-price spike reshaped the inflation outlook and forced advisers to revisit assumptions
Andrew Ross SorkinMorgan Stanley’s latest wealth-management signal points to a renewed appetite for equities among affluent investors, as high-net-worth clients used a volatility
Andrew Ross SorkinBlackRock is pressing deeper into one of the most important battlegrounds in asset and wealth management: the effort to make private markets more broadly availa
Andrew Ross SorkinGlobal wealth managers are accelerating their shift into private markets as client demand for alternatives grows more persistent, more global and more operation
Andrew Ross SorkinPrivate banks are stepping up their push into private credit as wealthy clients continue searching for dependable income beyond the public bond market, turning
Andrew Ross SorkinDonor-advised funds are rapidly growing in American philanthropy but face scrutiny due to a lawsuit filed by Philip Peterson against WaterStone, managing his family’s $21 million fund. Peterson alleges limited control and communication issues regarding grant distributions. The case raises broader questions about donor control and transparency in these philanthropic vehicles.
Andrew Ross SorkinIn the fourth quarter of 2025, America’s private investment offices made significant equity moves, including substantial investments in Rocket Companies and a stake increase in Manchester United by Omega Advisors. Other notable shifts included diversification into technology and clean energy, along with cautious cryptocurrency investments amidst volatility. Strategies varied, reflecting evolving market dynamics.
Andrew Ross SorkinIn recent years, ultra-wealthy family offices have increasingly favored direct investments in private companies over traditional private equity funds. Many now adopt a hybrid approach, co-investing alongside funds to balance independence with practicality. While this strategy offers reduced fees and quicker capital deployment, families face limitations in governance and decision-making, necessitating careful management of opportunities.
Andrew Ross SorkinFamily offices are adjusting investment strategies in response to anticipated higher inflation and interest rates. A survey revealed that 64% view interest rates as a significant risk, while 61% cite inflation. Many are shifting toward real estate and alternative investments, with increased interest in AI. Most remain cautious about gold and hold substantial cash reserves.
Andrew Ross SorkinIn recent years, ultra-wealthy family offices have shifted toward direct investments in private companies, seeking transparency and control. Many adopt a hybrid model, co-investing alongside private equity funds to leverage expertise while avoiding high fees. Despite some limitations, this strategy allows families to navigate private markets more effectively and efficiently.
