The numbers of single-family financial offices are growing; some estimates put the total at 10,000 offices worldwide, half of which were established over the last 15 years. Single-family offices increasingly focus on long-term investments, preservation of wealth, co-investment opportunities, confidentiality, and low operational costs. As single-family offices proliferate, it is to their benefit to maintain and strengthen relationships with one another. In line with the Milken Institute's goal of driving shared prosperity and creating access to capital, the Forum for Family Asset Management was established to help family offices exchange best practices, share investment ideas, and build meaningful and lasting relationships.