Smiles said there had been a sharp increase in the number of clients calling in light of recent market volatility, but that investors were mostly seeing the sell off as a buying opportunity.
"Interestingly, the conversations are often turning to the tactical or where the opportunities are, so people looking to deploy more capital, rather than taking that capital off the table," he said.
In its annual global report into "family offices" – which serve to manage wealth of very affluent individuals or families -- Campden Wealth and UBS found that there was a significant "home bias" when it comes to property investing, with the groups preferring investments closer to their base.
Some 224 family offices were questioned for the report, published on Wednesday, with an average of $806 million assets under management.
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The data revealed an "ongoing affinity" among family offices for residential property in particular, with 42 percent of their real estate direct investment in the form of residential property.
Hedge funds were also an increasingly popular choice amongst family office portfolios, with the asset class seeing the single largest growth in allocations so far this year.
"This class has been given added appeal by the low interest rate environment and lackluster returns in equity generally," the report found, with family offices now putting 9 percent of their portfolios in hedge funds, which is "significantly more than high net worths generally".