Sometimes, even double-digit growth isn't enough.
While a new report on multifamily offices finds big growth industrywide -- nearly 10% asset growth in 2011, the last year cited -- family office executives said a "primary growth constraint" was the ability to hire dedicated business development professionals. That was especially true at midsize and smaller firms with less than $1 billion in assets, according to the Family Wealth Alliances Multifamily Office Study 2012, released this week.
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