Discover how FINTRX empowers its customers to map, access and sell into the complex and fragmented world of Family Offices and Registered Investment Advisors.
NEWS AND INSIGHTS FROM FINTRX
Every month, the FINTRX Family Office & RIA Database adds and updates thousands of family offices, registered investment advisors (RIAs), decision-makers and an array of investment information to our extensive private wealth dataset. To highlight this continuous growth, we've compiled the Monthly Family Office & RIA Data Report for May 2024, showcasing metrics such as assets under management (AUM), alternative investments utilized, geographic distributions and more.
The FINTRX Data & Research team added 36 new family offices, 570+ family office contacts and nearly 200 direct investment transactions to our Family Office Dataset.
In addition to 810+ platform additions, FINTRX made over 3,060 family office updates including 590+ firm updates and 2,470+ contact updates.
Throughout May, 61% 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 May oversee client assets anywhere between $100M and $400M.
FINTRX continued to see a majority of firms (86%) allocating via direct investments into private companies. Other prominent asset classes include private equity, real estate, long only equities and venture capital.
Most family offices added to the FINTRX dataset are headquartered in North America, accounting for 75% of firms. Asian offices followed at 14%. This highlights the continued prominence of firms in North America while also showcasing the rising influence of Asia.
FINTRX continued to see a majority of newly tracked family office investments made into private technology companies throughout May, accounting for nearly half of the investments. Other sectors of interest include healthcare & biotechnology, financial services and consumer goods.
The FINTRX RIA dataset experienced a 6% increase in discretionary accounts compared to last month, now representing 98% of the new additions to our dataset.
80% of newly added contacts registered as broker-dealers while 12% registered as investment advisors. Just 6% are designated as owner-only representatives and a mere 2% fall under the dually registered category.
69% of the newly added representatives are male while 31% are female, ultimately maintaining similar ratios month after month.
The May RIA additions revealed that 76% of their client base consists of institutional clients, while individual and family clients make up 24%, highlighting the strong institutional focus and expertise of these firms.
Nearly 60% of RIAs added to our dataset in May fall under the 'Mid-Size' category, managing between $100 million and $500 million in client assets.
The top RIA service remains portfolio management for individuals and small businesses, comprising 75% of newly added firms. Financial planning services followed at 64%. Other prominent RIA services, each representing 23% or less, include the selection of other advisors and portfolio management for businesses/institutions, among others. It's worth noting that firms commonly provide multiple services to their clients.
Nearly 80% of the newly added RIA firms displayed some allocation to real estate within their investment portfolios. Smaller fractions displayed interest in commodities, private equity, oil & gas and hedge funds.
FINTRX is a unified data and research platform providing comprehensive data intelligence on 850,000+ family office & investment advisor records, each designed to help asset-raising professionals identify, access and map the global private wealth ecosystem. Equipped with 375+ search filters, our platform combines data, analytics and intuitive software to help clients identify investment opportunities, connect with investors and stay informed on industry developments.
FINTRX is designed to be user-friendly, with a variety of features including custom list building, news alerts and notifications, real-time updates and customizable reporting options. Additionally, new AI-powered features such as natural language search capabilities and advanced relationship intelligence empower users to leverage the most accurate and relevant family office and investment advisor data to prospect more efficiently, book more meetings and close more deals.
June 17, 2024
Renae Hatcher is a member of the marketing team at FINTRX - focused on delivering targeted & relevant family office and registered investment advisor content to our subscribers.