Family Office Networks Announces Equity Investment from Canaccord Genuity Group Inc.
PALM BEACH, FL – (August 24, 2020) – Family Office Networks announced today that Canaccord Genuity Group Inc., one of Canada’s largest global investment banking and financial services company, has increased its equity investment stake in Family Office Networks.
“The number of family offices has more than doubled in the last five years and their influence on the global economy is increasingly evident. As a result, we’ve introduced expanded membership options, the FON Marketplace platform, new FON Magazines including editions for the United States, Europe, Asia and MENA, FON Newsletters, as well as on-going live and virtual events that support the family office community,” said Andrew Schneider, Founder and CEO of Family Office Networks.
The new investment will support initiatives such as FON Marketplace, an innovative online technology platform for family offices to access private deals and connect with other family offices and issuers to co-invest, research luxury goods and services, and share philanthropic ideas. Registered users seeking to connect with family offices and high net worth private investors can use FON Marketplace to identify the best prospects for their business and can filter transactions by liquid net worth, annual income, gender/age, location, preferred investment allocation, philanthropic donations, and luxury purchases.
In addition to FON Marketplace, another new FON initiative is the launch of Family Office Investment Clubs that provide a way to share experiences, education and information in a confidential setting. The Investment Clubs offer families with a typical net worth of $50 million+ the opportunity to join a group that reflects their specific areas of interest, including the Palm Beach Investment Club, Biotech, Women’s Investment Interests, Art, Cannabis and more.
“We have been an investor in Family Office Networks since 2018 and we are pleased to support its continued growth as the membership base continues to increase exponentially, which supports our distribution capability for new issues and other relevant products and services within our key verticals,” said Mark Whaling, Canaccord Genuity’s Global Head of Securities.
For information about Family Office Networks, please contact [email protected].
About Family Office Networks
Family Office Networks is the premier global community for families to share information and intelligence. The team works with a select group of top tier investment managers and sponsors who offer substantial families’ access to stellar investment opportunities in areas such as real estate, venture capital, private equity, and hedge funds. In addition, Family Office Networks shares timely thought leadership on topics related to portfolio management, philanthropy, multi-generational wealth management, compliance and regulation, risk management, insurance, training and education. The website www.familyofficenetworks.com is the hub of Family Office Networks with 200,000 users, including 10,000 family offices, and is a go-to resource for news related to family offices.