Farther Launches Family Office, Recruits Goldman Sachs Advisor with $1.5B
Farther, a New York–based RIA with $15 billion in assets, has launched a multi-family office division targeting ultra-high-net-worth families and eliminated client minimums to capture emerging wealth transfers. The firm has hired Ben Seidenstein, who oversaw $1.5 billion at Goldman Sachs over 13 years, as global head of the new unit.
1. Launch of Multi-Family Office Division
Farther, a registered investment advisor headquartered in New York, has rolled out a multi-family office division designed for ultra-high-net-worth families. The new unit operates with no minimum asset requirement and leverages an AI-driven wealth platform to deliver customized investment strategies and estate planning services.
2. Appointment of Former Goldman Sachs Advisor
The firm has appointed Ben Seidenstein as global head of its family office division. Seidenstein spent over 13 years at Goldman Sachs, where he managed $1.5 billion in assets for entrepreneurs, executives and private investors before joining Farther.
3. Competitive and Industry Implications
This move underscores growing competition in the private wealth sector as RIAs seek to attract top talent and client relationships from traditional banks. Farther’s technology-first, bespoke advisory model positions it against established firms and may pressure Goldman Sachs’ private banking arm to adapt its service offerings.