Wealth Management

‘The price tag of almost everything has increased’: How family offices are feeling the pinch

Small firms don’t have the advantages of scale to combat inflationary pressure on talent, access to data and other services, but AI might come to the rescue

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Illustration: Leonard Beard

Ketan Patel, a seasoned City stock-picker, found himself in between jobs in 2024. Instead of going to work for another asset manager, he decided to try something different.

“I had a conversation with my brother, and he said, ‘Well, you’ve made a lot of money for other people. How about making money for us?’” 

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