Last week, the University of Chicago Booth School of Business launched the Booth Family Office Initiative, a combination of research programs, courses and summits aimed at current and future family office executives.
Business schools at Harvard, Columbia, Northwestern, Pepperdine and other universities have started offering courses aimed at family offices or family-owned companies.
For family offices, the programs can help train the next generation of family office leaders at a time when talent is scarce and family offices are battling for experienced investors, accountants, lawyers and estate planners.
The number of family offices has grown to more than 8,000 from about 6,000 in 2019, according to Deloitte.
As more wealthy alumni launch family offices or work for one, they're becoming an important pipeline of donors and funding.
Persons:
Robert Frank, Booth, Paul Carbone
Organizations:
University of Chicago Booth School of Business, Pritzker Private Capital, Family, Business, Harvard, Pepperdine, Wharton School, University of Pennsylvania, CCC Alliance, Wharton, Family Alliance, Deloitte
Locations:
Columbia, Northwestern