How much AUM for family office
Was wondering what the minimum required AUM is for a family office to make sense. Of course, you could run a family office with 20 million, but that wouldn't make much sense. What about 100 million? or 250 million?
At what point does it make sense to start a private family office vs using an ultra high networth RIA that only takes clients over 15 million (which would typically have lower fees, better alternative investment relationships).