Family offices: The firms that have cracked the crowd

Yesterday, we pointed out that there were some 19,400,000 results that come up in a Google search for the term "wealth manager." That, of course, speaks to the aspirations of many firms, rather than the reality of their services. But to get an idea of which firms are truly managing the most money for wealthy clients, we partnered with sister publication Pensions & Investments to analyze which of the world's largest asset managers run the most money for truly wealthy clients ($100M in net-worth or higher.) Click on the following link to see the Top 50 money managers of high-net-worth assets. We also analyzed this same group to see which firms manage the most money for wealth families, or family offices. This is a much smaller and exclusive group, with the fifty largest money managers of family office wealth running a combined $289 billion in assets, compared with a total of $453 billion in high-net-worth wealth. At the top of the family office list: Morgan Stanley, with nearly $69 billion in family office assets, or roughly one-quarter the total assets of the top fifty. To see the full list, click on the following link for the Top 50 money managers of family office assets. Also, for more information on both sets of rankings, check out the latest segment of INTV: