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Top 12 Companies in Family Offices Market in the World | By IMARC Group

12-22-2023 08:43 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Top 12 Companies in Family Offices Market in the World | By IMARC

Family Offices Market Overview:

Family offices are private wealth management advisory firms that serve ultra-high-net-worth individuals (UHNWIs). They are bespoke institutions that provide comprehensive solutions to manage the vast and diverse assets of affluent families. These entities typically offer a range of services, including investment management, estate planning, tax planning, and philanthropic management. There are two main types of family offices: Single-Family Offices (SFOs), which manage the wealth of one family, and Multi-Family Offices (MFOs), which cater to the investment needs of multiple families and offer a more cost-effective approach.

The advantages of family offices are manifold. They provide a high level of privacy, a tailored approach to wealth management, and a focus on long-term wealth preservation and growth. Additionally, they offer consolidated management of all financial and non-financial aspects, ensuring that families' wealth management strategies are aligned with their values and goals. The holistic approach of family offices, combining financial services with lifestyle management, provides a comprehensive solution for the unique challenges faced by UHNWIs.

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

Family Offices Market Trends and Growth:

The global family offices market is experiencing robust growth, fueled by the escalating number of UHNWIs and their growing wealth. As global wealth continues to concentrate, there is an increasing need for sophisticated and bespoke wealth management solutions, which family offices are ideally positioned to provide. Along with this, the rising complexity of the global investment landscape is prompting UHNWIs to seek more professionalized and institutionalized services for managing their assets, further propelling market growth. In addition, technological advancements are also playing a critical role.

Moreover, the integration of digital technologies in wealth management, such as artificial intelligence and data analytics, is enhancing the capabilities of family offices in terms of investment strategies and operational efficiency.
Therefore, this is positively influencing the market. Apart from this, the increasing focus on succession planning and the need for governance structures to manage intergenerational wealth transfer effectively is another trend bolstering the market. In confluence with this, the trend towards sustainable and responsible investing among UHNWIs is leading family offices to incorporate ESG (Environmental, Social, and Governance) criteria into their investment decision-making process. Furthermore, the evolving regulatory landscape, which impacts wealth management globally, is creating a positive market outlook.

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

Top Companies in Family Offices Market:

1. BMO Financial Group
Establishment: 1817
Headquarters: Montreal, Quebec

2. Cambridge Associates, LLC
Establishment: 1973
Headquarters: United States

3. Citigroup Inc.
Establishment: 1998
Headquarters: United States

4. HSBC Private Banking
Establishment: 1999
Headquarters: Geneva, Switzerland

5. Northern Trust Corporation
Establishment: 1889
Headquarters: Illinois, United States

6. Silvercrest Asset Management Group LLC
Establishment: 2002
Headquarters: United States

7. Stonehage Fleming Family and Partners Limited
Establishment: 1873
Headquarters: United Kingdom

8. The Bank of New York Mellon Corporation
Establishment: 2007
Headquarters: New York, United States

9. Bessemer Trust Company
Establishment: 1981
Headquarters: New Jersey, United States

10. The Glenmede Trust Company, N.A.
Establishment: 1956
Headquarters: Philadelphia, Pennsylvania

11. UBS Group AG
Establishment: 1998
Headquarters: Zürich, Switzerland

12. Wells Fargo and Company
Establishment: 1852
Headquarters: United States

Visit Full Blog: https://www.imarcgroup.com/top-family-offices-companies

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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

About Us:

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.

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