Family offices rattled by market swings and tariffs

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. While family offices pride themselves on investing for the long term, this week’s tariff volatility and confusion around government policy is causing many to slow their deal-making, according to experts. The S & P 500 was down 1.3% on Thursday alone, and all three major averages were down roughly 3% so far this week on the implementation of tariffs on Mexico, Canada and China. Family offices and their advisors say they’re not overly concerned with this week’s market moves. None were selling stocks in response, nor were many buying on lower prices. Instead, many are hitting the pause button on major investments or private deals until they have more clarity on major policy direction.