High net worth individuals have a wide range of investment activities, and family offices are often responsible for such investments. These include oversight of marketable securities, alternative assets (such as real estate, hedge funds, private equity funds, etc.), single-stock positions, direct investments in private companies and impact investments.
Wealthy families also vary widely in terms of how they choose to execute and oversee their investments. Given the complexities that alternative investments pose, families should evaluate these investments carefully and ensure that their chosen fiduciaries are competent advisors on this asset class. In the wake of COVID-19, these considerations are even more striking.
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