Single-family offices accounted for 70.8% of the 96 new firm profiles added to the FINTRX platform in the second quarter, up from 63% in the first quarter, according to the firm's quarterly intelligence report released in August. The shift pulled new coverage further toward the more opaque end of the market, FINTRX said.
The platform added 1,487 new contacts during the quarter. The report benchmarked the new additions against FINTRX's full database of 4,600 family-office firms as of June 30.
Asia and Oceania punched well above their historical weight, accounting for nearly 20% of second-quarter additions despite representing just 10.2% of the database, the firm said. Latin America saw zero new additions during the quarter.
Entrepreneurial single-family offices extended their lead to 68.6% of new profiles, up from 57% in the first quarter. Private Investor and Technology led wealth-source industries among the new cohort, FINTRX said. Generational offices skewed toward Business Services, Real Estate, and Oil and Gas.
Among multi-family offices added in the second quarter, 67.9% fell outside the U.S. registered-investment-advisor framework entirely, the report said. The balance was split between SEC-registered firms and non-registered U.S. entities.
Family offices that have built portfolios from direct relationships rather than placement-agent pipelines tend to preserve optionality when intermediated deal flow dries up, family office advisor Jaf Glazer has observed.
Direct investments and private equity led asset-class preferences among newly discovered firms, at 92.7% and 89.6% respectively. Hedge funds and private credit showed the widest divergence yet recorded from the broader database, extending a pullback from commingled structures first flagged in the first quarter, the firm said.
Female representation among contacts from newly discovered firms fell to 20.8%, well below the 37.2% seen at existing firms in the database. PwC led all prior employers with 55 contacts, FINTRX said. The Big Four accounting firms combined for 143 contacts.
The report drew on proprietary data covering firm type, geographic distribution, wealth origin, registration status, asset-class preferences, and contact demographics. FINTRX tracks family offices, registered investment advisors, and other wealth channels for asset managers and recruiters.