Australia has witnessed a boom in family offices over the past decade as the country’s long recession-free streak delivered untold wealth to the richest families, new data shows.
A survey of family offices – financial vehicles used to preserve and grow wealth – from KPMG, The Table Club and specialist recruiter Agreus found an overwhelming number had been founded in the last few years.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
