Global Family Office Market Outlook & Forecasts, 2020-2021 & 2022-2026: US Alone Contributes to Half of the World's UHNWIs with More than 89,000 Individuals

DUBLIN, Jan. 26, 2022 /PRNewswire/ -- The "Family Office Market - Global Outlook & Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The demand for an alternative asset class which includes hedge funds and private equity shares is expected to grow with a share of 49.96% during the forecast period 2020-2026 and is expected to surge at a growth rate of 6.90%.

The growing number of UHNWIs (private wealth advisory firms) are driving the demand for family office services. Today, wealthy families rely on family offices to manage their wealth as they hold fragile trust in private banks and increasingly prefer family offices.

However, the business encounters many regulatory, technological, and operational challenges that are expected to hamper the market's growth. Direct investments are stand-alone investments and have good returns compared to private equity.

More than 65% of high-net-worth individuals invest their funds through direct investments. It helps the market grow diverse across the globe and allows them to leverage their investments.

SEGMENTATION ANALYSIS

Due to the growing technology and digital services, family offices provide services digitally such as a virtual family office. VFO can either be a single office where the family looks forwards to the out-source of a family office in order to have low staff and high flexibility.

MFO demand offers greater opportunities for career development, and exposure to various planning situations can foster the development and sharing of best practices with all clients, which can collectively improve results and outcomes in the market.

Embedded family office markets are highly operated in India as Indians believe their financial conversations are confidential and prefer close advisors to manage their wealth. Thereby, expecting a boom in the number of embedded offices with an increase in entrepreneurs and family offices is driving the embedded family office market.

GEOGRAPHICAL ANALYSIS

North America dominates the family office market with more than 92,000 wealthy individuals. The US alone contributes to half the global UHNWIs with more than 89,000 individuals. North America holds nearly two-third of family offices globally, where investments are made through SFOs and MFOs.

Key countries such as Italy, France, Germany, the UK, and Spain, Western Europe account for the majority of the share of the family office market in Europe in terms of revenue. The family office market in Western Europe is mainly driven by traditional family businesses that invest in multiplying their wealth and hold their family legacy and values through their mission.

VENDOR ANALYSIS

Bayshore Global Management is the family office of Sergey Brin, co-founder of Google, and Anne Wojcicki his spouse. Bayshore Global Management manages more than USD 30 billion of family assets. The family office also runs the Brin Wojcicki Foundation, donating to charitable donations and supporting human rights.

The Bezos is the family office of the billionaire, with a vision to provide equal opportunity to the young generation and contribute to society. Over two decades, the organization has started multiple programs connecting many people through work and helping thousands of young people discover the purpose of fulfilling the family office market.

Cascade Investment, L.L.C. is a private investment entity that holds the assets of William H. Gates III. It is a group of investment professionals with vast investment experience where the investment manager considers the client's interest and designs the client's particular needs and objectives. The organization's mission is to protect and enhance the client's financial well-being.

PROMINENT VENDORS

• Bayshore global management
• Bezos expedition
• Cascade Investment L.L.C
• Euclidean Capital
• Emerson Collective
• Hillspire
• KIRKBI
• Mousse Partners
• MSD Capital
• Invus Group
• Prometheus Capital
• Soros Fund Management
• Sunrise capital management
• Storonsky family
• Grosvenor Estate
• Vulcan INC
• Wah Hin and Company Pte Ltd
• Walton Enterprises LLC
• Weybourne Group
• Willett Advisors LLC
• WU Capital
• YF Capital
• Yoovidhya Family Office

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 Cost Of Running A Family Office
7.3 Services Provided By Family Offices
7.3.1 Financial Planning
7.3.2 Strategy
7.3.3 Governance
7.3.4 Advisory
7.4 Investments By Family Offices
7.4.1 Co-Investments
7.5 Impact Of Covid-19

8 Market Opportunities & Trends
8.1 Disruptive Technology: AI & Blockchain
8.2 Strengthening Sustainable Investments

9 Market Growth Enablers
9.1 Growing Number Of Billionaires Across The Globe
9.2 Growing Investments In Hedge Funds To Avoid Sec Regulations
9.3 Increasing Investments In Venture Capital

10 Market Restraints
10.1 Regulatory Restraint
10.2 Operational Restraint
10.3 Technical Restraint

11 Market Landscape
11.1 Market Overview
11.1.1 Demand Highlights
11.1.2 High-Net-Worth Forecasts Providing Growth Opportunities
11.1.3 Future Insights
11.2 Focus Of Family Offices On Asset Class Investments
11.2.1 Performance Of Private Equity
11.2.2 Appeal For Venture Capital
11.2.3 Technology Being The Most Preferred For Investments
11.2.4 Real Estate
11.2.5 Sustainable Investments
11.2.6 Impact Investments
11.2.7 Shift Toward Philanthropic Investments
11.3 Future Of Wealth Management
11.4 Market Size & Forecast
11.5 Five Forces Analysis

12 Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Multi-Family Office
12.4 Single-Family Office
12.5 Embedded Family Office

13 Asset Classification
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Alternative Assets
13.4 Traditional Assets
13.5 Precious Metals
13.6 Art & Artifacts

14 Geography
14.1 Market Snapshot & Growth Engine
14.2 Geographic Overview

For more information about this report visit https://www.researchandmarkets.com/r/8o94fn

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets