Yesterday, we listed the top 20 money managers for wealthy families by each firm's assets under advisory.
Bloomberg Markets Magazine also ranked the top money managing firms by assets per family.
Several of the top firms only manage money for a handful of families, but some of those families are worth well over $1 billion.
And, we all know that the rich like exclusive services, so that's probably why many of the ultra-rich bank with the small, boutique firms, instead of the massive wealth management firms.
Thanks to Bloomberg Markets Magazine for giving us permission to run their list.
No. 10: Presidio Group
Average Assets per Family: $171 million
Assets Under Advisory: $3.9 billion
YoY Change: +3%
Number of Families: 23
Location: San Francisco
Source: Bloomberg Markets Magazine
No. 9: U.S. Trust (Bank of America)
Average Assets per Family: $181 million
Assets Under Advisory: $29.6 billion
YoY Change: +3%
Number of Families: 163
Location: New York
Source: Bloomberg Markets Magazine
No. 8: Frankfurt Family Office (Deutsche Bank)
Average Assets per Family: $197 million
Assets Under Advisory: $9.8 billion
YoY Change: 0%
Number of Families: 50
Location: Frankfurt
Source: Bloomberg Markets Magazine
See the rest of the story at Business Insider
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