About Family Office Summit India 2014
The Association of International Wealth Management of India (AIWMI), proudly presents to you the 2nd annual Family Office Summit India, scheduled on June 18, 2014 in Mumbai and June 19, 2014 in Delhi.
While early Family Offices can be traced to Europe, it was in earlier 19th century that wealthy merchants along the east coast of United States started hiring advisors to protect their family interests. The demand for Family Office Services kept growing up over the years. Today with wealthy families mostly relying on Family Offices for full time professional management their personal fortune, USA alone has more than 4000 Single Family Offices (SFOs) with assets under management of $ 1 trillion to $ 1.2 trillion. In addition there are around 200 Multi Family Offices (MFOs) with assets under management of around $500 billon. However unlike Family Offices in US & Europe, much of India’s wealth was created in the last few decades. India has had its unique set of problems and opportunities during this time and it is against this backdrop that the role of family office started assuming a critical role in family business. The new complexities call for better regulations as well as the need for family offices to be managed by people with strong professional capabilities.
While our inaugural Family Office Summit, held on June 25, 2013, brilliantly set up a forum for exchange of ideas among various Family Offices and Wealth Management practitioners, our 2014 Summit will look to move forward and start addressing more strategic issues ranging from asset allocation, reporting & compliance, risk management, investing beyond borders and building family wealth for the future generations.
We aspire to make Family Office Summit 2014 an insightful and prolific experience for you.
CEO, Association of International Wealth Management of India