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Top 10 Family Office Trends That Will Continue In 2024 #castlefamilyoffice #familyoffice The Family Office (FO) sector continues to trend upward as substantive growth in both the number of establishments and the assets under management (AUM) has been recorded. The global FO market size is expected to expand at a CAGR of 7.21% during the forecast period, reaching USD 19,567.22 million by 2027. In recent years, the pressure has been on FOs to generate higher risk-adjusted returns and create operational efficiencies. Still, the primary objective was to preserve and grow family wealth. What are the key strategic shifts for FOs in 2024? https://lnkd.in/etGDpfeW

🌐 Swiss Single Family Offices Worth $670 Billion! 🇨🇭💼 A new study by the Swiss Single Family Office Association (SFOA) reveals that single family offices (SFOs) in Switzerland manage a staggering 600 billion Swiss francs ($670 billion). Here are some key insights: 💡 Study Highlights: - Number of SFOs: 250-300 in Switzerland - Asset Allocation: Alternative assets like private equity and private debt slightly outweigh traditional assets - Geographical Focus: 33% in North America, 32% in Switzerland - Net Worth Range: From less than 250M to over 10B francs 🔍 Industry Trends: - Regulation: Majority support for a self-regulation-based licensing regime to protect and govern the industry - Wealth Distribution: 43% have a net worth of 1B francs or less; 37% exceed 1B francs - Top Wealth Bracket: 1.51B to 3B francs, represented by 16% of respondents As Swiss SFOs navigate potential regulatory changes, they continue to play a pivotal role in global wealth management. 🌟 Read full article: https://lnkd.in/e64vfUy9 #FamilyOffices #WealthManagement #Switzerland #SFOA #FinancialServices #Investment #Regulation #FinanceInsights

Middle Eastern family offices are growing increasingly influential on the global investment stage as they seek diverse opportunities to optimise their wealth. However, as these family offices expand asset ownership across borders, they tend to scatter their service needs across multiple providers. This fragmented approach can result in confusion, inefficiency and missed opportunities. Consolidating essential family office and private wealth services under a single global service provider, such as IQ-EQ, can help maximise your overall investment strategy and mitigate risk. Pete Unwin explains the top three reasons family offices increasingly opt for global service providers. Read more here: https://ow.ly/Z03X50Q0Uuj #oneiqeq #familyoffice #wealth #investorservices #serviceprovider #highnetworkfamily #middleeast #uae

Consolidating essential family office and private wealth services under a single global service provider, such as IQ-EQ, can help maximise your overall investment strategy and mitigate risk. Pete Unwin explains the top three reasons family offices increasingly opt for global service providers. #oneiqeq #middleeast #privatewealth #familyoffices #uae

The family office industry is undergoing a consolidation trend similar to other mature sectors. This trend can be found in various ways, ranging from the integration of single-family offices (SFOs) into multi-family offices (MFOs) to more extensive transactions aimed at boosting enterprise value and operational efficiencies. Drivers of this consolidation include constrained growth prospects, regulatory challenges, the need for tailored solutions, and apprehensions regarding exclusive partnerships with single banking providers. As the family office landscape evolves, factors like the age of wealth advisors and the shift in multi-generational wealth are anticipated to add additional influence on family office consolidation. #FamilyOffice #WealthManagement #Consolidation

Interesting article discussing how family offices will position themselves in 2024. #csp #financialservices #familyoffice

UBS Global Family Office Report 2024. UBS has published its Global Family Office Report 2024, which collects insights from 320 single family offices across seven regions of the world. The report’s insights represent families with an average net worth of USD 2.6 billion, covering over USD 600 billion of wealth. Read more insights about the report on our website. #ESGMena #ESG #familyoffices #familybusiness #business #B2B

Big thanks to Andrew Cohen and Kristen Oliveri for featuring insights from our inaugural Family Office Operational Excellence Report in Crain Currency today. Check out the article. #familyoffice #operationalexcellence #altitiedemannglobal #campdenwealth

All around the world, including Asia, there is a growing trend of SFOs transitioning to MFO models. As SFOs transition, they are faced with new challenges and pressures such as ensuring financial viability, complying with regulations and updating their service models to effectively serve multiple families. With the expanding MFO landscape, opportunities to cater to their evolving needs are on the rise too. Beazley's Multi-Family Office solution is a tailored product to protect MFOs from complex, high value and sensitive exposures. More information can be found here: https://lnkd.in/g7FWifrw #multifamilyoffice #familyofficesolution #familyofficeinsurance #riskmanagement #familyofficeriskmanagement #MFO Nicholas TeyMike LuHarriet Monro ACIIYeo Wei XiangChye Chia Wen