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Family Offices Market Size Expected To Reach US$ 25.5 Billion by 2028, CAGR of 5%

07-05-2023 12:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Family Offices Market Size Expected To Reach US$ 25.5 Billion

According to IMARC Group's latest research report, titled "Family Offices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global family offices market size reached US$ 18.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.00% during 2023-2028.

Get Free Sample Copy of Report at - https://www.imarcgroup.com/family-offices-market/requestsample

Family Offices Market Outlook:

Family offices refer to a crucial element in wealth management, providing comprehensive financial services and personalized solutions to affluent individuals and families. At its core, a family office is a private organization that manages and preserves the wealth of ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs). These entities cater to wealthy families' unique needs and objectives, encompassing a wide range of services such as investment management, estate planning, tax optimization, philanthropy, and family governance. With their deep expertise and tailored approach, family offices act as a centralized hub, ensuring the long-term preservation and growth of family wealth across generations.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/family-offices-market

Family Offices Market Trends:

The escalating demand for sophisticated wealth management solutions majorly drives the global market. This can be supported by the growing wealth accumulation among high-net-worth individuals and families across the globe. As wealth continues to concentrate in the hands of a select few, the need for professional guidance and specialized services offered by family offices has become increasingly pronounced. Along with this, the complexity of financial markets and regulatory environments is creating a demand for expert advisors who can navigate these intricacies and safeguard family wealth.

Family offices, with their extensive network of professionals and access to exclusive investment opportunities, are well-positioned to meet these requirements. In addition, the growing emphasis on multi-generational wealth transfer and succession planning is positively influencing the market. Apart from this, the increasing complexity of investment landscapes and the need for diversified portfolios is contributing to the rise of family offices. Furthermore, the rising demand for international wealth management solutions is creating a positive market outlook.

Key Market Segmentation:

Competitive Landscape with Key Players:

• BMO Financial Group
• Cambridge Associates LLC
• Citigroup Inc.
• HSBC Private Banking (HSBC Holdings plc)
• Northern Trust Corporation
• Silvercrest Asset Management Group Inc.
• Stonehage Fleming Family & Partners Limited
• The Bank of New York Mellon Corporation
• The Bessemer Group Incorporated
• The Glenmede Corporation
• UBS Group AG
• Wells Fargo & Company

Type Insights:

• Single Family Office
• Multi-Family Office
• Virtual Family Office

Office Type Insights:

• Founders' Office
• Multi-Generational Office
• Investment Office
• Trustee Office
• Compliance Office
• Philanthropy Office
• Shareholder's Office
• Others

Asset Class Insights:

• Bonds
• Equities
• Alternative Investments
• Commodities
• Cash or Cash Equivalents

Service Type Insights:

• Financial Planning
• Strategy
• Governance
• Advisory
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Browse the Latest Research Report:

https://www.imarcgroup.com/rice-flour-market
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https://www.imarcgroup.com/non-steroidal-anti-inflammatory-drugs-market
https://www.imarcgroup.com/cardiac-pacemaker-market

Contact us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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