Consolidation, technology can help MFOs thrive

While there is undoubted potential for the multi-family office (MFO) formula in Asia, it’s not all plain sailing. The sector faces a challenge as it wrestles with issues such as rising cost and a shortage of suitable staff. But perhaps a more pressing problem is the fact family offices have been struggling to offer impressive returns. UBS and Campden Wealth Research’s Global Family Office Report 2016, released in November, estimated Asia-Pacific family office portfolios had retu…