Wealthy families enjoyed good portfolio performance in 2010, and are likely to remain cautiously optimistic about the economy, continue to make and enact important decisions about asset transfers and invest previously sidelined money, according to a new investment survey released Tuesday by Family Office Exchange (FOX).
“FOX Wealth Trends: 2011 Investment Survey Insights” found that the median family office reported 12% annual pretax portfolio returns in 2010. As a result, families are feeling more confident. About 85% of families and office executives in the survey said 2010 portfolio performance either met or exceeded their expectations. For 2011, families anticipate a median return of 8%.