With A CAGR 6.01%, Family Office Market Size Is Projected To Reach...

With A CAGR 6.01%, Family Office Market Size Is Projected To Reach USD 26.65 Billion By 2030

Posted 2024-04-30 10:00:16

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Family Office Market Size Was Valued at USD 16.71 Billion in 2022, and is Projected to Reach USD 26.65 Billion by 2030, Growing at a CAGR of 6.01% From 2023-2030.

Family offices are private firms that manage the investments and wealth of high-net-worth individuals or families. Offering a comprehensive range of services, including investment management, estate planning, tax advisory, and philanthropic coordination, family offices are designed to manage the complex financial needs of wealthy families.

The global market is primarily driven by the increasing number of high-net-worth individuals seeking personalized wealth management solutions. In line with this, the desire for a consolidated approach to financial services, including investment management, tax planning, and estate coordination, is providing an impetus to the market. Moreover, the growing emphasis on preserving family wealth across generations and the need for specialized advisory services are acting as significant growth-inducing factors for the market.

Leading Key Players in the Family Offices Industry:

Campbell Family & Associates (USA),U.S. Trust - Bank of America Private Wealth Management (USA),Bespoke Wealth Management (USA),JPMorgan Chase Wealth Management (USA),Northern Trust Wealth Management (USA),Wells Fargo Private Bank(USA),Bessemer Trust (USA),Citi Private Bank (USA),BNY Mellon Wealth Management (USA),PNC Wealth Management (USA),Merrill Lynch Wealth Management (USA),Morgan Stanley Wealth Management (USA),Goldman Sachs Family Office (USA),Schroders Family Office (UK),Eaton Family Office (USA),Rockefeller Capital Management (USA),Prestige Family Office (USA),Tiedemann Trust (USA),GenSpring Family Offices (USA),Moss Adams LLP (, USA),Lord Abbett & Co. LLC (USA),Seix Investment Advisors (USA),Flexstone Partners (Switzerland),Credit Suisse Family Office (Switzerland),UBS Family Office (Switzerland).

The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and region, and, as a result, provides a holistic view of, as well as a deep insight into the Family Office market covering all its essential aspects. For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.

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Market segmentation

By Types

· Multi-Family Office

· Single Family Office

· Embedded Family Office

By Asset Classification

· Alternative Asset Classification

· Traditional Asset Classification

· Precious Metals, Art & Artifacts

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By Region:

North America (U.S., Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)

Report includes Competitor's Landscape:

· Major trends and growth projections by region and country

· Key winning strategies followed by the competitors

· Who are the key competitors in this industry?

· What shall be the potential of this industry over the forecast tenure?

· What are the factors propelling the demand for the Action Figures And Statues?

· What are the opportunities that shall aid in significant proliferation of the market growth?

· What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?

· How has the covid-19 impacted the growth of the market?

· Has the supply chain disruption caused changes in the entire value chain?

Key Industry Developments in the Family Office Market:

· In October 2023, U.S. Trust Bank (Bank of America Private Wealth Management): Partnered with AI-powered wealth management platform "Abbove" to offer holistic financial planning solutions to their family office clients.

· In September 2023, Northern Trust: Launched "NT Invest", a digital wealth management platform for family offices and high-net-worth individuals, providing access to alternative investments and private market opportunities.

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