Press release
Family Offices Market Expected to Reach US$ 29.26 Billion by 2024-2032 | IMARC Group
According to IMARC Group's latest research report, titled "Family Offices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," offers a comprehensive analysis of the industry, which comprises insights on the family offices market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global family offices market size reached US$ 19.69 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 29.26 Billion by 2032, exhibiting a growth rate (CAGR) of 4.37% during 2024-2032.Family Offices Market Overview:
Family offices are private wealth management advisory firms that serve high-net-worth individuals (HNWIs) or families with the primary aim of managing their wealth and assets effectively. These entities can be broadly classified into two types: single-family offices (SFOs), which serve one wealthy family, and multi-family offices (MFOs), which cater to multiple families. Key aspects of family offices include asset management, estate planning, tax consulting, philanthropic coordination, and even day-to-day accounting and household management.
The primary advantage of employing a family office is the tailor-made financial and investment solutions it offers, designed around the unique needs and aspirations of a family or individual. Furthermore, family offices provide a holistic approach to wealth management, ensuring that wealth grows, and is preserved and transferred across generations.
Get Sample Copy of Report at - https://www.imarcgroup.com/family-offices-market/requestsample
Family Offices Market Trends:
The global family offices market is majorly driven by the escalating number of ultra-high-net-worth individuals and the increasing complexity of their assets, necessitating professional management. Along with this, the desire for a more personalized approach to wealth management, beyond traditional banking and financial institutions is increasing the appeal of family offices. In addition, trends in the sector highlight a shift towards sustainable and impact investing, with many family offices focusing on investments that align with their values and offer both financial and societal returns.
Apart from this, with globalization and cross-border investments, family offices are becoming more sophisticated, integrating advanced technologies and analytics to optimize portfolio performance. Moreover, the ongoing digital transformation also sees the adoption of fintech solutions, enhancing efficiency and decision-making. Furthermore, the global family offices market is creating a positive market outlook, reflecting the evolving needs of the world's affluent population
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/family-offices-market
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)
• 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.
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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