Every month, the FINTRX Private Wealth Database adds and updates thousands of family offices, investment advisory firms, key decision-makers and an array of investment information to our comprehensive private wealth dataset. To highlight this continuous growth, we've compiled the Monthly Family Office & RIA Data Report for April 2024, showcasing key metrics such as assets under management (AUM), alternative investments utilized, geographic distributions and much more.
The FINTRX Data & Research team added 40+ new family offices, 670+ family office contacts and 100+ direct investment transactions to our Family Office Dataset.
In addition to 830+ platform additions, FINTRX made over 3,400 family office updates including 650+ firm updates and 2,750+ contact updates.
Throughout April, 52% of newly added firms are single-family offices while 39% are multi-family offices.
FINTRX data revealed that the majority of family offices added in April oversee client assets exceeding $5 billion.
FINTRX continued to see a majority of firms (71%) allocating via direct investments into private companies. Other prominent asset classes include private equity, long only equities and real estate.
The majority of family offices added to the FINTRX family office dataset in April are headquartered in North America, accounting for 57% of firms, while European offices account for roughly 29%.
FINTRX continued to see a majority of newly tracked family office investments made into private technology companies throughout April. Other sectors of interest include financial services, business services and healthcare & biotechnology.
The FINTRX RIA dataset saw a significant addition of discretionary accounts to our dataset in April, making up 92% of new accounts added.
Of the newly added RIA reps, the majority (61%) have registered as broker-dealers, while 29% registered as investment advisors. Just 9% are designated owner-only representatives and a mere 1% fall under the dually registered category.
71% of the newly added representatives are male while 29% are female, ultimately maintaining similar ratios month after month.
The April RIA additions revealed that 76% of their client base consists of institutional clients, while individual and family clients make up 24%. This highlights the strong institutional focus of these RIA firms, showcasing their expertise and dedication to serving this segment of the market.
Most (34%) of the new RIA firms added to the FINTRX RIA dataset fall under the 'micro' category, managing between $1 and $25 million in client assets.
The top RIA service remains portfolio management for individuals and small businesses, comprising 64% of new firms. Financial planning services followed at 54%. Other prominent RIA services, each representing 23% or less, include the selection of other advisors, portfolio management for businesses and institutions, and portfolio management for pooled investment vehicles, among others. It's worth noting that RIA firms commonly provide multiple services to their clientele.
71% of newly-added RIA firms displayed some allocation to real estate within their investment portfolios. Smaller fractions displayed interest in private placements, hedge funds, private equity and commodities, among various others.
FINTRX - the leading family office and registered investment advisor (RIA) data intelligence platform - covers 4,000+ family offices, 23,000+ family office contacts, 40,000+ RIA entities, 750,000+ registered reps, as well as 16,000+ private wealth groups. Equipped with 375+ advanced search filters and numerous customization features, FINTRX allows you to seamlessly track where family office & investment advisor capital is flowing, uncover allocation trends, break down investments by sector & size, understand future investment plans and much more.