The top 8 recruiters you need to know if you want to work in a family office

BraddockMatthews

Derek Braddock co-founded New York- and Boston-based executive search firm BraddockMatthews, which launched seven years ago, with Bill Matthews. BraddockMatthews focuses on asset management searches within financial services.

Within its family office practice, BraddockMatthews has worked with a wide range of firms, from those with roughly $300 million in accumulated wealth to $8 billion.

About 90% of that work has been for US-based family offices, and has largely been within single-family as opposed to multi-family offices.

While some areas within asset management are shrinking, the family office space continues growing at a rapid clip, Braddock said in a recent interview with Business Insider.

As a growing number of family offices look to bring investment talent in-house, Braddock has found that a notable share of chief investment officer searches he’s conducted have been the first one a family office is bringing in.

In years past, a logical pool of talent family offices used to look for top-tier investment chief talent came from within the endowment and foundation community, since the two worlds share some similar investment styles.

“But one, those people don’t always resonate with family offices, and two, as importantly, the family office world has matured in and of itself,” he said.

That type of talent pipeline hasn’t entirely faded. But now many tend to come from the world of private equity, Braddock said, where executives or investors have experience executing direct investment and underwriting capabilities.

Read more: Family offices oversee trillions in wealth and are highly secretive. But that’s changing as they chase direct deals — and company execs want to know who’s behind the money.