Jerome Stern, interviewed in Family Capital on the future of Single Family Offices
Single-family offices are expected to increasingly outsource parts of their businesses as they seek to concentrate more on deal-making, and less on things like financial reporting and even the management of their liquid assets. The biggest beneficiaries of this trend might just be the multi-family offices.
J Stern & Co, a London-based private investment office with ultra-high net worth families as clients, currently works with “more than five” single-family offices, says CEO Jerome Stern. “For us, it’s really important to understand family issues,” he says. “I think that gives groups like J Stern an advantage when it comes to working with single-family offices.”