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Global Family Offices Market: By Type: Single Family Office, Multi-Family Office, Virtual Family Office; By Asset Class: Bonds, Equities, Alternative Investments, Commodities, Cash or Cash Equivalents; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Family Offices Market Outlook
The global family offices market attained a value of about USD 87.18 billion in 2022. The market is further expected to grow at a CAGR of 7.5% during the forecast period of 2023-2028 to reach a value of USD 133.60 billion by 2028.
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Rising Adoption of Family Offices to Navigate the Complexity of the Geographical Dispersal of Wealth to Augment the Market Growth
Shifting economic and market forces and the continuous globalisation of society, commerce and regulation are driving the emergence of family offices. Geographical dispersal, including global investments and family members settling away from family’s home base for work or education, is adding to the need for a well-established and fabricated money management service. The family office, thus, deals with administration and effective day-to-day management of a family’s cross-border wealth, thus, fueling the market growth. The complexity of tax legislation owing to the geographical dispersal of wealth is another factor that is leading to a growing demand for family offices. Managing and reporting international tax is, hence, propelling the market growth. Additionally, family offices are being selected by wealthy families to assist with succession planning as advisors may help the family plan for the future, which is further augmenting the family offices industry.
Family Offices: Market Segmentation
Family offices are private wealth management advisory firms established to manage families’ private wealth. They provide financial advice only to family members, are wholly owned and controlled by family members and do not present themselves as a public investment advisors.
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Based on type, the market can be segmented into:
- Single Family Office
- Multi-Family Office
- Virtual Family Office
On the basis of asset class, the market is divided into:
- Bonds
- Equities
- Alternative Investments
- Commodities
- Cash or Cash Equivalents
The EMR report looks into the regional markets of family offices like North America, Europe, Latin America, the Asia Pacific and the Middle East and Africa.
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Investment in Indian Startups to Boost the Market Growth of Family Offices
The establishment of family offices to manage the affairs of wealthy families has surged in the recent years. The emergence of family offices can be attributed to the rise in worldwide wealth over the years. The complexity related to asset management, volatile financial markets, and unstable geopolitical conditions is propelling the growth of the family offices industry. Such complexity demands a regulated and coordinated money management, thus, aiding the market growth of family offices.
The rising penetration of family offices in regions such as India is expected to provide lucrative growth opportunities to the market. Family offices in Indian establishments prefer to invest in conventional modes like stocks, real estate, and gold. However, family offices are anticipated to fund the country’s growing startup ecosystem in the coming years, which in turn, is expected to accelerate the market growth of family offices. With celebrities, NRIs and digital entrepreneurs setting up family offices and investing in Indian startups, the industry growth is gaining momentum in India.
Key Industry Players of the Global Family Offices Market
The report presents a detailed analysis of the following key players in the global family offices market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
- Cascade Investment Group, Inc.
- MSD Partners, L.P.
- Stonehage Fleming Family and Partners Limited
- The Glenmede Trust Company, N.A.
- Bessemer Group, Incorporated
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Asset Class, Region |
| Breakup by Type | Single Family Office, Multi-Family Office, Virtual Family Office |
| Breakup by Asset Class | Bonds, Equities, Alternative Investments, Commodities, Cash or Cash Equivalents |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price, Total Cost of Operating Family Office |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Cascade Investment Group, Inc., MSD Partners, L.P., Stonehage Fleming Family and Partners Limited, The Glenmede Trust Company, N.A., Bessemer Group, Incorporated, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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
List of Key Figures and Tables
1. Global Family Offices Market: Key Industry Highlights, 2018 and 2028
2. Global Family Offices Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Family Offices Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Family Offices Historical Market: Breakup by Asset Class (USD Billion), 2018-2022
5. Global Family Offices Market Forecast: Breakup by Asset Class (USD Billion), 2023-2028
6. Global Family Offices Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Family Offices Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Global Family Offices Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Global Family Offices Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Global Family Offices Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Global Family Offices Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Global Family Offices Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Global Family Offices Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Global Family Offices Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Global Family Offices Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Global Family Offices Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Global Family Offices Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Family Offices Market Structure
Key Questions Answered in the Report
The global family offices market attained a value of nearly USD 87.18 billion in 2022.
The market is projected to grow at a CAGR of 7.5% in the forecast period of 2023-2028.
The market is being driven by the rising selection of family offices to manage cross-border taxations and assistance with succession planning.
In India, the market is anticipated to be driven by investments in startups as NRIs, celebrities and digital entrepreneurs establish family offices in the country.
The major regional markets for family offices are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The leading types of family offices in the market are single family office, multi-family office, and virtual family office.
The significant asset class segments in the market are bonds, equities, alternative investments, commodities, and cash or cash equivalents.
The major players in the market are Cascade Investment Group, Inc., MSD Partners, L.P., Stonehage Fleming Family and Partners Limited, The Glenmede Trust Company, N.A., Bessemer Group, Incorporated, among others.
Analyst Review
The global family offices market attained a value of USD 87.18 billion in 2022, driven by the complexity related to asset management. Aided by shifting economic and market forces and globalisation of economies, the market is expected to grow at a CAGR of 7.5% in the forecast period of 2023-2028 to reach a value of USD 133.60 billion by 2028.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of type, the market is segmented into single family office, multi-family office, and virtual family office. Based on asset class, the market is divided into, bonds, equities, alternative investments, commodities, and cash or cash equivalents. The major regional markets for family offices are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the market are Cascade Investment Group, Inc., MSD Partners, L.P., Stonehage Fleming Family and Partners Limited, The Glenmede Trust Company, N.A., Bessemer Group, Incorporated, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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