The latest UBS Global Family Office Report offers some fascinating insights into how the world's wealthiest families think about risk, time and opportunity. However, it's where they put their money that interests me most. At a very high level, the average asset allocation isn’t too dissimilar from that of a managed fund (in the growth category) or an individual investor with a comparable risk profile. There are some key differences though, with the most obvious being the 33 per cent allocation wealthy family offices have to alternative assets.