Richest Family Offices Seeing Fastest Growth as Firms Oust Banks

Richest Family Offices Seeing Fastest Growth as Firms Oust Banks

Chris Ratcliffe/Bloomberg

In sheer size, the family office units of banks dominate the ranking. Nine of the top 10 are associated with banks. HSBC Private Wealth Solutions, a unit of London-based HSBC Holdings Plc, is No. 1 by total assets under advisement for the second consecutive year, with $123.6 billion as of Dec. 31, an increase of 21 percent over 2010.