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Family Offices Market

Global Family Offices Market Size, Share, Trends, Forecast: 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; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Family Offices Market Outlook

The global family offices market attained a value of about USD 93.72 billion in 2023. The market is further expected to grow at a CAGR of 7.4% during the forecast period of 2024-2032 to reach a value of USD 178.42 billion by 2032.

 

Global Family Offices Market

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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.

 

Global Family Offices Market by Segment

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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.

 

Global Family Offices Market by Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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 (2018-2023) 
    8.3    Global Family Offices Market Forecast (2024-2032)
    8.4    Global Family Offices Market by Type
        8.4.1    Single Family Office
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Multi-Family Office
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Virtual Family Office
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Family Offices Market by Asset Class
        8.5.1    Bonds
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Equities
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Alternative Investments
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Commodities
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Cash or Cash Equivalents
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)    
    8.6    Global Family Offices Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Family Offices Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Family Offices Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Family Offices Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Family Offices Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Family Offices Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Qatar
        13.5.2    Historical Trend (2018-2023) 
        13.5.3    Forecast Trend (2024-2032)
    13.6    Turkey
        13.6.1    Historical Trend (2018-2023) 
        13.6.2    Forecast Trend (2024-2032)
    13.7    Israel
        13.7.1    Historical Trend (2018-2023) 
        13.7.2    Forecast Trend (2024-2032)
    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 2032
2.    Global Family Offices Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Family Offices Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Family Offices Historical Market: Breakup by Asset Class (USD Billion), 2018-2023
5.    Global Family Offices Market Forecast: Breakup by Asset Class (USD Billion), 2024-2032
6.    Global Family Offices Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Family Offices Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Global Family Offices Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Global Family Offices Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Global Family Offices Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Global Family Offices Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Global Family Offices Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Global Family Offices Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Global Family Offices Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Global Family Offices Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Global Family Offices Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Global Family Offices Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Family Offices Market Structure

Key Questions Answered in the Report

The global family offices market attained a value of nearly USD 93.72 billion in 2023.

The market is projected to grow at a CAGR of 7.4% in the forecast period of 2024-2032.

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 93.72 billion in 2023, 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 7.4% in the forecast period of 2024-2032 to reach a value of USD 178.42 billion by 2032.

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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