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Pitcairn Survey: For Wealthy Families, COVID-19 Creates a Combination of Emotional and Financial Challenges

Today’s wealthy families feel they are facing the greatest economic and social uncertainty in a generation. Amid the unprecedented challenges, most single family offices (SFOs) are being asked to address the human challenges of serving wealthy families as much as, or more than, the financial uncertainties.

Pitcairn recently conducted a pulse check of 32 single family office leaders about the challenges they face from the COVID-19 pandemic as it relates to the families they lead or support. More than half of these leaders are seeing COVID-19 as a major emotional challenge for their families and a strong need to enhance technological capabilities.

 

READ THE SURVEY RESULTS

 

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About Pitcairn

Pitcairn is a true family office and leader in helping families navigate the challenges and opportunities created by the interplay of family and financial dynamics. Through Wealth Momentum®, an experience-based family office model, Pitcairn helps families achieve a more effective and complete experience. Since its inception, Pitcairn has partnered with some of the world’s wealthiest families to meet their needs and drive better outcomes – year to year, decade to decade, generation to generation. Today, Pitcairn is recognized as an innovator, guiding families through generational transitions and redefining the industry standard for family offices. The firm is located in Philadelphia, with offices in New York and Washington, DC and a network of resources around the world.