Ultra-rich families spend more on their private investment firms as their fortunes riseFamily offices with at least $1 billion in assets reported spending $6.6 million in annual operating costs on average, according to J.P. Morgan Private Bank.{}

Family offices with at least $1 billion in assets reported spending $6.6 million in annual operating costs on average, according to J.P. Morgan Private Bank.https://www.cnbc.com/2026/02/19/ultra-rich-families-private-investment-firms-costs-rise.html