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Siddle and Alberts rethink family office strategy for impact

Once fiercely private, family offices like Alberts and Siddle are opening up, embracing collaboration and sustainability to boost their investment impact.

Family offices are shifting their private mindset to being more public in a bid to achieve impact. Shutterstock/stockfour.

Long-standing family office Alberts has shifted away from a traditionally private mindset towards greater collaboration, recognising it can’t achieve its goals alone.

Alberts executive director Ingrid Albert told the Impact Investment Summit in Sydney that family offices have generally become less siloed and more open to working together.

“Collaboration has become a new key area for Alberts as we see that we don't have all the knowledge. We want to bring in diverse perspectives and work with others who really have that knowledge and experience at the table to try and drive change together across industries — with government, with others working in the field that are really passionate and share the same visions and values we do,” Albert said.

Now led by the family’s fifth generation, Alberts dates back to 1885 and has deep roots in the music industry — including signing AC/DC.