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August '23 Family Office & RIA Monthly Data Report

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. 


August '23 FINTRX Private Wealth Data Report

 

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August 23 Private Wealth Data Report

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Family Office Platform Additions

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

August 23 Family Office Platform Additions

  • - New Family Offices: 41
  • - New Family Office Contacts: 265
  • - Newly Tracked Family Office Investments: 415

 

 

Updated Family Office Entities

In addition to 720+ platform additions, FINTRX made 3,380+ family office updates including 340 firm updates and over 3,040+ contact updates. 

August 23 Updated Family Office Entities

  • - Updated Family Offices: 340
  • - Updated Family Office Contacts: 3,043

 

 

Asset Class Interest Breakdown

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.

August 23 Asset Class Interest Breakdown

  • - Direct Investments: 80%
  • - Real Estate: 66%
  • - Private Equity: 63% 
  • - Venture Capital: 34%
  • - Debt: 29%
  • - Hedge Funds: 24%
  • - Long Only: 17%
  • - Fund of Funds: 5%

 

 

Single-Family Offices vs. Multi-Family Offices

63% of newly added firms are single family offices (SFOs) while 37% are multi-family offices (MFOs).

August 23 Single Family Offices vs Multi-Family Offices

  • - New Single Family Office Additions: 63%
  • - New Multi-Family Office Additions: 37%

 

 

Assets Under Management (AUM) Breakdown

A majority (50%) of newly added firms (that disclosed their AUM) have assets between $100M and $400M. 

August 23 Assets Under Management (AUM)

- $100M-$400M: 50%
- $400M-$1B: 14%
- $1.5B-$2B: 8%
- $2B-$5B: 14%
- $5B+: 14%

 

 

Family Office Geographical Breakdown

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.

Family Office Geographical Breakdown Aug 23

  - Asia: 34%
  • - North America: 32%
  • - Europe: 20%
  • - Oceania: 12%
  • - Latin America/Caribbean: 2%

 

 

Newly Tracked Family Office Investments

Top 10 Sectors of Interest

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.

August 23 Newly Tracked Family Office Investments_ Top 10 Sectors of Interest

  • - Technology: 27%
  • - Financial Services: 11%
  • - Healthcare & Biotech: 11%
  • Consumer Goods: 10%
  • - Business Services: 7%
  • - Manufacturing: 6%
  • - Real Estate & Construction: 6%
  • - Energy & Utilities: 4%
  • - Leisure & Lifestyle: 3%
  • - Media & Entertainment: 3%
  • - Other Sectors: 12%

August '23 Registered Investment Advisor (RIA) Data

 

RIA Data Highlights: August Platform Additions

  • - Total Registered Entities (including Dually Registered): 185
  • - Total Registered Contacts: 6,260+
  • - Total Accounts: 810+
  • - Firms Using Alternatives: 141 or 76%
  • - Assets Under Management: $35.5B+

 

 

Accounts Breakdown

  • - Total Accounts: 810+

Aug 23 Accounts Breakdown

The FINTRX RIA dataset saw a significant addition of discretionary accounts to our dataset in August, making up 99% of new accounts added.

 

 

Contact Breakdown by Rep Type

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%.

Aug 23 Contact Breakdown by Rep Type

  • - Broker-Dealers: 5,390+
  • - Investment Advisors: 420+
  • - Owner-Only Contacts: 350+
  • Dually Registered: 80+

 

 

RIA Client Base Breakdown

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%.

Aug 23 RIA Client Base Breakdown

  • - Institutional Clients: 96%
  • - Individual & Family: 4%

 

 

Firm Size by Assets Under Management (AUM)

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

Aug 23 Firm Size by Assets Under Management

  • - Micro ($1-$25M): 6%
  • - Small ($25M-$100M): 9%
  • - Mid-Size ($100M-$500M): 65%
  • - Large ($500M-$5B): 14%
  • - Jumbo ($5B+): 6%

 

 

Rep Gender Breakdown

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. 

Aug 23 Rep Gender Breakdown

  • - Male Reps: 1,590+ or 74%
  • Female Reps: 560+ or 26%

 

 

RIA Services Provided

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.

 Aug 23 RIA Services Provided

Top RIA Services Provided:
  1. 1. Portfolio Management for Individuals/Small Businesses: 57%
  2. 2. Financial Planning Services: 44%
  3. 3. Portfolio Management for Pooled Investment Vehicles: 32% 
  4. 4. Educational Seminars/Workshops: 20%
  5. 5. Portfolio Management for Businesses/Institutions: 18%
  6. 6. Selection of other Advisors: 18%
  7. 7. Pension Consulting Services: 11% 
  8. 8. Publication of Periodicals/Newsletters: 2%
  9. 9. Portfolio Management for Investment Companies: 1%

 

 

Alternative Investments Utilized

Firm Level

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. 

Aug 23 Alternative Investments Utilized

  • - Real Estate: 68%
  • - Private Placements: 47%
  • - Private Equity: 40%
  • - Hedge Funds: 33%
  • - Venture Capital: 23%
  • - Commodities: 18%
  • - Oil & Gas: 16%
  • - REITs: 9%
  • - Corporate Debt: 9%
  • - Digital Currency: 7%
  • - Private Debt: 6%
  • - Fund of Funds: 4%
  • - Collateralized Debt: 1%
  • - Managed Futures: 1%

FINTRX Overview

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.

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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.


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