How the wealthiest families invest: CNBC and Addepar launch Family Office Portfolio Tracker.
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How the wealthiest families invest: CNBC and Addepar launch Family Office Portfolio Tracker. Published Thu, May 21 20269:13 AM EDT Key Points * CNBC has teamed up with Addepar to provide a quarterly snapshot of family office portfolios. * Addepar's data includes the portfolios of hundreds of family offices, representing a total of $1.4 trillion in assets. * In first quarter, the Family Office Portfolio Tracker showed the continued importance of public stocks, with equities one of the only asset classes that grew as a share of family office portfolios over the past year. A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Public stocks are the largest and fastest-growing asset class for family offices, while their real estate assets are shrinking, according to the new CNBC Family Office Portfolio Tracker. Family offices now manage over $5.5 trillion in wealth globally, rivaling hedge funds in total assets. Yet because family offices - the private investment arms of ultra-wealthy families - aren't required to disclose their investments, their portfolios are largely secret. CNBC has teamed up with Addepar, a foundational data and AI platform used by financial professionals globally, to provide a regular...
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