Family Office Networks has embarked on a Series A capital raise to fuel business expansion in order to meet increased demand from its fast-growing fintech platform dedicated to the family office space.
“With the number of millionaires and billionaires over the last 10 years, the demand for access to these wealthy families is the highest it has ever been. The number of family offices has quintupled in the last five years to include 20,000+ single and multifamily offices. Assets under management also have grown to an estimated $14 trillion in the wealth management industry,” said Andrew Schneider, Family Office Networks’ founder and CEO.
FON is doing its Series A raise to help grow its fintech, media and other areas of its eco-structure.
