+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global Family Offices Market Report and Forecast 2023-2028

  • PDF Icon

    Report

  • 137 Pages
  • August 2022
  • Region: Global
  • Expert Market Research
  • ID: 5713668

Market Outlook

According to the report the global family offices market attained a value of USD 87.18 billion in 2022. Aided by the growing number of wealthy families, the market is projected to further grow at a CAGR of 7.5% between 2023 and 2028 to reach a value of USD 133.60 billion by 2028.

Family offices refer to private wealth management advising companies that are designed to manage the private wealth of families. They are not positioned as public investment advisors, but only offer financial advice to family members, and are entirely owned and managed by family members. Due to changing economic and commercial demands, as well as the ongoing globalisation of commerce and regulations, family offices are becoming more common.

Geographic dispersion, which includes international assets and family members moving away from the family's home base for work or school, is driving up demand for a well-established and streamlined money management service. Through their role of managing a family's worldwide wealth effectively on a daily basis, the family offices market is expanding globally. In recent years, there has been a significant increase in the creation of family offices to handle the business of wealthy families.

The rise in global wealth over time has been supported by the development of family offices. The market of family offices is expanding as a result of the complexity of asset management, uncertain financial markets, and unstable geopolitical environments. Such complexity necessitates a controlled and coordinated approach to money management, which supports the market expansion of family offices.

Family offices are becoming more prevalent in places like India, which is projected to open up attractive growth potential for the market. In Indian institutions, family offices tend to invest in traditional forms like equities, real estate, and gold. Family offices are predicted to finance the nation’s expanding start-up ecosystem in the years to come, which will in turn help the family offices market expansion. The market growth in India is accelerating as a result of celebrities, NRIs, and digital entrepreneurs setting up family offices and investing in Indian businesses.

The growth of the market for family offices is being further fuelled by shifting economic and market dynamics along with the ongoing globalisation of society, business, and regulation. The family offices work with the administration and facilitate efficient day-to-day management of a family's global wealth. Another factor driving the need for family offices is the complexity of tax laws brought on by the geographic distribution of wealth.

Market Segmentation

The market can be divided on the basis of type, asset class, and region.

Market Breakup by Type

  • Single Family Office
  • Multi-Family Office
  • Virtual Family Office

Market Breakup by Asset Class

  • Bonds
  • Equities
  • Alternative Investments
  • Commodities
  • Cash or Cash Equivalents

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

This report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global family offices market companies. Some of the major key players explored in the report by the publisher are as follows:
  • Cascade Investment Group, Inc
  • MSD Partners, LP
  • Stonehage Fleming Family and Partners Limited
  • The Glenmede Trust Company, NA
  • Bessemer Group, Incorporated
  • Others
*The publisher always strives to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Frequently Asked Questions about the Global Family Offices Market

What is the estimated value of the Global Family Offices Market?

The Global Family Offices Market was estimated to be valued at $93.04 Billion in 2023.

What is the growth rate of the Global Family Offices Market?

The growth rate of the Global Family Offices Market is 7.5%, with an estimated value of $133.6 Billion by 2028.

What is the forecasted size of the Global Family Offices Market?

The Global Family Offices Market is estimated to be worth $133.6 Billion by 2028.

Who are the key companies in the Global Family Offices Market?

Key companies in the Global Family Offices Market include Cascade Investment Group, Inc., MSD Partners, L.P., Stonehage Fleming Family and Partners Limited and Bessemer Group, Incorporated.

Table of Contents

1 Preface

2 Report Coverage - Key Segmentation and Scope

3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players

4 Key Assumptions

5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends

6 Market Snapshot
6.1 Global
6.2 Regional

7 Opportunities and Challenges in the Market

8 Global Family Offices Market Analysis
8.1 Key Industry Highlights
8.2 Global Family Offices Historical Market (2018-2022)
8.3 Global Family Offices Market Forecast (2023-2028)
8.4 Global Family Offices Market by Type
8.4.1 Single Family Office
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Multi-Family Office
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Virtual Family Office
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Family Offices Market by Asset Class
8.5.1 Bonds
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Equities
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Alternative Investments
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Commodities
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Cash or Cash Equivalents
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.6 Global Family Offices Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)

9 North America Family Offices Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)

10 Europe Family Offices Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others

11 Asia Pacific Family Offices Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others

12 Latin America Family Offices Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others

13 Middle East and Africa Family Offices Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Qatar
13.5.1 Market Share
13.5.2 Historical Trend (2018-2022)
13.5.3 Forecast Trend (2023-2028)
13.6 Turkey
13.6.1 Market Share
13.6.2 Historical Trend (2018-2022)
13.6.3 Forecast Trend (2023-2028)
13.7 Israel
13.7.1 Market Share
13.7.2 Historical Trend (2018-2022)
13.7.3 Forecast Trend (2023-2028)
13.8 Others

14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Total Cost of Operating Family Office

15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cascade Investment Group, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 MSD Partners, L.P
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Stonehage Fleming Family and Partners Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 The Glenmede Trust Company, N.A.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Bessemer Group, Incorporated
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others

16 Key Trends and Developments in the Market

Companies Mentioned

  • Cascade Investment Group, Inc.
  • MSD Partners, L.P.
  • Stonehage Fleming Family and Partners Limited
  • The Glenmede Trust Company, N.A.
  • Bessemer Group, Incorporated

Methodology

Loading
LOADING...