Will Family Offices Flock Together?

Should managers of family offices shepherding assets of $30 million or more get to know each other? The Stamford Advocate reports on a new opportunity:

To help the "ultra-wealthy" find opportunities and meet other families of similar means, Angelo Robles has founded the Family Office Association in Stamford.

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"I usually find that very wealthy people like to collaborate with other people like them, whether it's in investing or real estate," he said. "We plan to reach out from a global perspective to the ultra-wealthy."

Robles said the Family Office Association was launched last week with a Global Assets Showcase at the Hyatt Regency Greenwich.