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Familjeförvaltning exploderar – kan hota systemet på sikt

Privata förmögenhetsförvaltare för de superrika, så kallade ”family offices”, hanterar i dag tusentals miljarder dollar globalt, skriver Financial Times. Bara i Sverige fanns förra året runt 150 stycken, enligt DI.

Men bristen på reglering har gjort dem till en riskfaktor i det finansiella systemet. I Singapore avslöjades nyligen en omfattande penningtvättshärva där sex stycken ”family offices” använts för att hantera illegala pengar – samtidigt som de fått skattelättnader av staten.

– Om tre år kommer vi kanske att säga: ”Vilka är familjekontor och hur kom de att kontrollera en så stor del av ekonomin, säger Chuck Collins, chef för tankesmedjan Common Good at the Institute for Policy Studies i Washington, till FT.

 
Family office
Wikipedia (en)
A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with at least $50–100 million in investable assets, with the goal being to effectively grow and transfer wealth across generations. The company's financial capital is the family's own wealth. Family offices also may handle tasks such as managing household staff, making travel arrangements, property management, day-to-day accounting and payroll activities, management of legal affairs, family management services, family governance, financial and investor education, coordination of philanthropy and private foundations, and succession planning. A family office can cost over $1 million a year to operate, so the family's net worth usually exceeds $50–100 million in investable assets. Some family offices accept investments from people who are not members of the owning family. Some firms that cater to multiple clients offer personality psychology services for family members to support better alignment and communications among members of the family. A family office either is, or operates just like, a corporation or limited liability company, with officers and a support staff. Officers are compensated per their arrangement with the family, usually with incentives based on the profits or capital gains generated by the office. Family offices are often built around core assets that are professionally managed. As profits are created, assets are deployed into investments. Family offices might invest in private equity, venture capital opportunities, hedge funds, and commercial real estate. Many family offices turn to hedge funds for alignment of interest based on risk and return assessment goals. Some family offices remain passive and just allocate funds to outside managers.
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