Family Offices Market Report 2025

The family offices market size has grown strongly in recent years. It will grow from $19.29 billion in 2024 to $20.39 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to wealth accumulation trends, asset diversification needs, succession planning, globalization of wealth, tax optimization strategies.

The family offices market size is expected to see strong growth in the next few years. It will grow to $25.46 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to rising ultra-high net worth individuals (UHNWI), impact investing trends, digital transformation in finance, generational shifts in wealth management. Major trends in the forecast period include rise of co-investment opportunities, family office consolidation, focus on family governance, adoption of philanthropic strategies, increased regulatory compliance.

The rising demand for wealth management is anticipated to propel the growth of the family offices market in the future. Wealth management encompasses the professional services and strategies utilized to assist individuals or families in preserving, growing, and managing their wealth. Family offices are expanding by offering a wider array of sophisticated financial services and expertise to address the complex needs of high-net-worth individuals and families. A significant advantage of family offices in wealth management is their ability to deliver highly personalized and comprehensive financial services tailored to the unique needs and objectives of affluent families, thereby facilitating the preservation, growth, and effective management of wealth across generations. For instance, the Global Family Office Report 2022 by UBS Group AG, a Switzerland-based investment banking firm, revealed that over 80% of family offices invested in private equity, with an increasing number making direct investments each year. The average allocations for private equity have continued to rise, reaching 13% in 2021. Hence, the growing need for wealth management is expected to drive the expansion of the family offices market.

The anticipated rise in disposable income is expected to drive the growth of the family offices market in the future. Disposable income is defined as the total amount of money that individuals or households have available for spending and saving after taxes and other mandatory contributions have been deducted. As financial resources increase for individuals and families, there is a growing demand for professional wealth management services to navigate the complexities of diversified investments, estate planning, tax optimization, and lifestyle management. Family offices are essential in offering personalized services, guiding the next generation, and addressing various aspects of comprehensive wealth management as financial complexities increase with greater affluence. For example, a report from the Office for National Statistics, a UK government department, revealed that in 2023, the median household disposable income for the lowest fifth of the population rose by 2.3%, reaching £16,400 ($21,301), partly due to government measures supporting the cost of living. In contrast, the average annual increase over the preceding decade was significantly lower at 0.8%. Thus, the growth in disposable income is a key driver of the expansion of the family offices market.

A prominent trend gaining traction in the family offices market is the adoption of disruptive technologies such as AI and blockchain. Leading companies in the family offices market regularly prioritize disruptive technologies to enhance competitiveness through increased adoption. For example, in October 2022, Raffles Family Office, a China-based multi-family office offering investment management services, introduced the Revo Digital Family Office. This next-generation platform enables ultra-high-net-worth families to access and invest in digital assets, incorporating blockchain technology to overhaul legacy systems and processes in wealth management, providing enhanced security and efficiency.

Major companies in the family offices market are also innovating their services, introducing offerings such as syndicate funds for family offices to maintain a competitive edge. A syndicate fund is a pooled investment vehicle where multiple investors, often sharing similar investment goals or interests, contribute capital to collectively invest in diverse assets or opportunities. For instance, in September 2023, Artha Group, an India-based property developer, launched the Artha Continuum Fund (ACF), an exclusive syndicate fund tailored for family offices and ultra-high-net-worth individuals (UHNIs). This fund offers elite investors direct access to bridge rounds of emerging growth-stage ventures, allowing them to invest a minimum of ₹10 crores ($1,209,510) per deal. ACF strategically co-invests alongside leading VC funds, providing investors with a unique entry into the growth stage VC ecosystem. By addressing due diligence depth and negotiation power, ACF offers investors a platform for elevated returns from private investments while mitigating risks associated with early-stage startups.

In October 2022, Endowus, a Singapore-based digital wealth advisory platform, completed the acquisition of Carret Private Investments for an undisclosed amount. This acquisition enables the Endowus group of firms to vertically integrate, better meeting the demands of various customer groups, and delivering superior investment and advisory solutions. Carret Private Investments, a China-based multi-family office specializing in wealth management, private investments, and wealth planning, aligns with Endowus' strategic objectives.

Major companies operating in the family offices market include Cascade Investment Group Inc., MSD Partners LP, Stonehage Fleming Group, Glenmede Trust Co, The Bessemer Group Incorporated., The Bank of New York Mellon Corporation, UBS Group AG, BMO Financial Group, Cambridge Associates Ltd., Citigroup Inc., Wells Fargo & Company, Northern Trust Corporation, Silvercrest Asset Management Group LLC, The Pictet Group, Emerson Collective LLC, Bezos Expeditions LLC, The Woodbridge Company Ltd., Hillhouse Capital Management Limited, Premji Invest, ICONIQ Capital LLC, Bregal Investments LLP, Gart Capital Partners, Rockefeller Capital Management L.P., Soros Fund Management LLC, The Chernin Group Inc., The Pritzker Organization LLC, The Raine Group LLC, The Yucaipa Companies LLC, Tiger Global Management LLC.

North America was the largest region in the global family offices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the family offices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the family offices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A family office is an organization dedicated to private wealth management, addressing the financial and investment requirements of high-net-worth individuals or families. It provides a secure and easily accessible centralized location for families to manage all their confidential information.

Family offices come in three main types, single family office, multi-family office, and virtual family office. A single-family office (SFO) is a private wealth management entity specifically designed to meet the needs of a single affluent family. Asset classes managed by family offices include bonds, equities, alternative investments, commodities, and cash or cash equivalents. These offices can take various forms, such as founders' offices, multi-generational offices, investment offices, trustee offices, compliance offices, philanthropy offices, shareholder offices, and others. Family offices cater to varying levels of net worth, with classifications including less than 50 million, 50 million to 100 million, and more than 100 million.

The family offices market research report is one of a series of new reports that provides family offices market statistics, including family offices industry global market size, regional shares, competitors with a family offices market share, detailed family offices market segments, market trends and opportunities, and any further data you may need to thrive in the family offices industry. This family offices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The family offices market includes revenues earned by entities by succession planning, inheritance tax planning, dilution of non-core family assets, and family settlements. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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