Family Offices Have Become the New Power Players on Wall Street

Core Insights - Wealthy families are establishing offices to manage their wealth at an unprecedented rate, indicating a growing trend in family office formation [1] - These family offices are increasingly participating in significant investment deals, suggesting a shift in their role within the financial landscape [1] Group 1 - The number of family offices is rising sharply, reflecting a record pace of establishment [1] - Wealthy families are gaining influence and a more prominent role in major financial transactions [1]