InvestmentNews Features WE Family Offices
December 11, 2018
InvestmentNews recently featured WE Family Offices, an international multi-family office serving UHNW U.S. and international families, to discuss the firm’s evolution and bright future.
WE Family Offices began when managing partners Mel Lagomasino, Santiago Ulloa, and Michael Zeuner came together to launch this UHNW family office after acquiring the international client business from another wealth management firm.
Since its founding, WE Family Offices has grown to become a top UHNW family office, with eight partners and 50 employees serving 70 families. The firm currently advises on approximately $7.3 billion and reports on an additional $1.6 billion for a total assets under advisement or reported of $9 billion. Sixty percent of WE’s assets under management are U.S. family assets, a significant increase from the firm having only a handful of U.S. clients when it launched five years ago.
“Our domestic growth has been strong, but it’s not that we’ve acquired a lot of clients, it’s that our clients are big,” explains WE Family Offices Chief Executive Officer and Managing Partner Mel Lagomasino.
Regardless of the number of clients at WE Family Offices, the leaders of the firm views their success as evidence of growing demand for independent, client-aligned single-family and multi-family office services on a retainer-fee basis.
When asked about the firm’s success Lagomasino shared that the future of WE Family Offices was never taken lightly by her or her other managing partners, Ulloa and Zeuner. “The three managing partners make the bulk of the decisions, but we built the company as a 40-year partnership,” she states.