Family Office Networks, the largest collaborative family office community in the world, announced that it is embarking on a Series A capital raise to fuel business expansion in order to meet increased demand from its fast-growing fintech platform dedicated to the family office space.
“With the number of millionaires and billionaires over the last ten years, the demand for access to these wealthy families is the highest it has ever been. The number of family offices has quintupled in the last five years to include 20,000+ single and multi- family offices. Assets under management also have grown to an estimated $14T in wealth management industry,” said Family Office Networks Founder and CEOÂ Andrew Schneider.
FON is doing its Series A raise to help grow its fintech, media and other areas of its eco-structure. To learn more about the capital raise, join Andrew Schneider to learn about FON’s future goals. Seating is available for qualified investors only. You can RSVP at the link here.
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“We’re privileged to have a global network of 12,000 family offices, plus trusted advisors who serve them, and we understand the investment preferences and lifestyle requirements of this hard to connect with investor segment. Therein lies a very significant opportunity. New managers typically rely on ‘friends and family’ money or perhaps a key investor to launch their fund, yet once they’ve launched they want allocations from family offices and UHNW individuals. Likewise, luxury goods and services seek access to traditionally elusive family offices to tell their story. That’s where we come in. Family offices control $4 trillion+ in investment capital and depend on us to help them identify and reach their objectives and goals,” Schneider said.
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“Fintech companies backed by venture capital firms and family offices raised almost $38.5 billion last year and are set to exceed that record in 2021, according to FON data. We’re well-positioned as one of the only Fintech companies serving the family office sector and the outlook for our growth trajectory is incredible,” said Schneider.
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