More than 300 ultra-rich families with assets over £100m each have set up their own private offices in London to protect and enhance their wealth in the financial services sector’s newest trend.

There are also more than 100 'multi-family offices', in which rich families team up to boost their investment capacity, according to estimates from Scorpio Partnership, specialist wealth management consultants.

By their nature often secretive organisations, 'family offices' have until recently attracted relatively little attention. But they are becoming an increasing force in London’s financial centre.

Financial Times