In an effort to shine a light on the private wealth ecosystem, FINTRX Family Office & RIA Database provider has compiled the following data report to provide a high-level synopsis of the private wealth landscape for August 2023. This report offers an inside look at all FINTRX platform updates and additions made throughout the last month with metrics such as assets under management (AUM), alternatives utilized, fee structures, geographic breakdowns, separately managed accounts, family office direct transactions, RIA services provided and more.
Throughout May, the FINTRX Data & Research team added 40+ new family offices, 260+ family office contacts and over 400+ newly tracked investments to our Family Office Dataset.
In addition to 720+ platform additions, FINTRX made 3,380+ family office updates including 340 firm updates and over 3,040+ contact updates.
When it comes to the asset class interest of newly added family offices, FINTRX saw a majority of firms allocating via direct investments into private companies, as well as to real estate and private equity.
63% of newly added firms are single family offices (SFOs) while 37% are multi-family offices (MFOs).
A majority (50%) of newly added firms (that disclosed their AUM) have assets between $100M and $400M.
- $100M-$400M: 50%
- $400M-$1B: 14%
- $1.5B-$2B: 8%
- $2B-$5B: 14%
- $5B+: 14%
A majority of newly added firms are headquartered in Asia and North America, accounting for 34% and 32%, respectively. This highlights the emerging dominance of Asia as a leading hub region for startup activity and innovation.
A significant portion of newly added family offices showed direct investment activity in the technology sector with over 100+ investments made. Other sectors of interest included financial services, healthcare & biotechnology, consumer goods and business services.
The FINTRX RIA dataset saw a significant addition of discretionary accounts to our dataset in August, making up 99% of new accounts added.
A majority (86%) of newly added RIA representatives are registered as broker-dealers. Smaller segments included those registered as investment advisors at 7% while owner-only and dually registered contacts each made up a combined 7%.
The newly added RIA firms added to FINTRX in August reveal that 96% of their RIA clientele are institutional, while individual and family clients account for just 4%.
The size of an RIA firm can be measured by its assets under management (AUM), or the total value of assets the firm oversees on behalf of its clients. A majority (65%) of newly added RIA firms are considered 'Mid-Size' groups, with assets under management between $100M and $500M.
The gender breakdown of RIA representatives refers to the proportion of male and female advisors working in the RIA industry. As you can see below, 74% of RIA firms added to the FINTRX RIA dataset in August are male reps while 26% are female reps.
Of the new RIA firms incorporated into the FINTRX dataset, 57% offer portfolio management for individuals and small businesses, while 44% provide financial planning services. It's important to note, RIA firms can and often have more than one service offered.
The utilization of alternative investments by RIA firms varies, with some firms having a significant portion of their assets invested in alternatives, while others may have a more limited exposure. As you can see in the chart below, 74% of RIA firms displayed some allocation to real estate within their investment portfolios. A smaller fraction displayed interest in hedge funds, private placements and private equity, among a variety of other alternatives.
FINTRX is a unified data & research platform providing comprehensive data intelligence on 850,000+ family office & investment advisor records, each designed to help asset-raising professionals identify, access & map the global private wealth ecosystem. FINTRX data intelligence covers 3,800+ family offices, nearly 20,000 family office contacts, 40,000+ registered investment advisor entities, and 746,000+ registered reps. Data is sourced from 10+ public & private sources.
Equipped with 375+ search filters and numerous customization options, 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.