Global Family Office 2024 Survey Insights
The survey was subsequently released to Citi Private Bank’s global family office clients for input.
Family Office
1313 articles found
Single family offices reach 1,650 as wealth management sector booms
Wealth management AUM grew by over 8% in 2023, continuing its upward trend, with a five-year compounded annual growth rate of around 10%.
Luhut Attracts Ray Dalio and Porsche Family to Establish Family Offices in Bali
The meetings were part of a government effort to attract foreign wealth and bolster the national economy.
Global family offices open more physical offices in different jurisdictions
But 57% said more offices were needed as investment portfolios have diversified or become more sophisticated and 41% have done so in response to risk posed by geopolitical issues.
Singapore Adds Hundreds of Family Offices in 2024
In total, 1,650 single family offices have been awarded tax incentives, up from 1,400 at end-2023 and 400 in 2020.
Creating the Family Office Framework: Three Keys to RIA Success
Clients increasingly expect white-glove concierge services from their advisors.
"Building a Stronger Tomorrow: Family Offices in our Flourishing Wealth Management Landscape" – Speech by Mr Chee Hong Tat
The family office community in Singapore is a vibrant and growing space.
Singapore’s wealth management sector growing, as single family offices balloon to 1,650
An SFO manages assets belonging to only one family.
Experimentalness: Is This The Key To Family Office Innovation Across Generations?
The real task with intergenerational wealth is navigating the complex values, ambitions, and approaches that each generation brings to the table.
Deutsche's Rocchi 'not into loss leaders' on family office business
Private banks need to ensure family offices clients are profitable and not just sat in cash, says Deutsche's head of ultra-high-net-worth individuals and family office investment advisory, emerging markets.
Geopolitical risk prompts family offices to diversify investments
Municipal bonds tend to be very liquid instruments and are exempt from federal tax but can also be exempt from state and local taxes.
Family offices confident recent growth in wealth will continue
More than nine in ten (92%) of those who have seen asset values increase expect even more growth over the next five years with 48% expecting dramatic increases.