Approximately 71 percent of family offices are planning on making six or more direct investments this year, according to an inaugural report by BNY Mellon Wealth Management based on a survey of 189 family offices. The respondents spanned the globe, and the majority managed an investment portfolio worth between $500 million and $5 billion.
“With many professionals planning to increase exposure to public equity and also to public fixed income, there is scope for some investors to further improve tax efficiency through TME and tax-managed fixed income (TMFI) integration,” the BNY report says.
To read the full report, click here.