Plante Moran Financial Advisors Among Bloomberg’s List of Multifamily Offices

Southfield, Mich. — Plante Moran Financial Advisors was recently named to Bloomberg Wealth Manager’s annual list of multifamily offices. To be included in the listing, it was required the firms offer an extensive menu of family-office services. Moreover, Bloomberg set a minimum of $4 million for multigenerational client relationships and a minimum of 25 percent of firm revenue derived from multigenerational client relationships.

Increasing wealth is driving the proliferation of multifamily offices, an outgrowth of the family office, which is a dedicated group of professionals who manage the wealth and serve the needs of a single family. According to Bloomberg, the median number of multigenerational family client relationships grew 8 percent last year, and median assets attributable to these clients increased by 26.7 percent.

“We’re extremely pleased to be among the firms on Bloomberg’s list,” said Bob Palmer, PMFA president. “Our multifamily office practice has grown tremendously over the past few years. We manage our clients’ affairs effectively, discreetly, and with the assurance of confidentiality — all in an effort to continually exceed their expectations by providing them with services tailored to help meet their financial needs.”

Plante Moran Financial Advisors serves as a trusted advisor to high net worth individuals and family business owners, helping them build, manage and preserve their wealth. Our integrated affiliate services include investment consulting, financial planning, trust, insurance consulting, estate planning, business succession, and tax planning. Plante Moran Financial Advisors is the nation's seventh largest independent financial advisory firm based on assets under management according to Bloomberg Wealth Manager magazine. Plante Moran Financial Advisors is an affiliate of Plante & Moran, PLLC, the nation’s 10th largest accounting and business advisory firm. Our Internet address is www.pmfa.com.