According to IMARC Group's latest research report, titled "Family Offices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the family offices market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the market. 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.
Family Offices Market Overview:
A family office is a private wealth management firm that serves as a centralized hub for coordinating various aspects of wealth management, and provides comprehensive financial and investment services to high-net-worth individuals or families. It manages and oversees investment management, estate planning, tax strategies, philanthropy, and family governance. Family offices possess a long-term perspective and leverages in-house expertise on providing multigenerational support to manage and grow wealth across generations. These offices prioritize client privacy and maintain strict confidentiality to protect sensitive financial information. As a result, these offices play an instrumental role in preserving family wealth and values across generations and ensuring a smooth transition and continuity.
Get Sample Copy of Report at – https://www.imarcgroup.com/family-offices-market/requestsample
Family Offices Market Trends:
The global market is primarily driven by the rising concentration of wealth among high-net-worth individuals (HNWIs). As a result, there is a growing need for professional services to manage and preserve the wealth effectively, which is fueling the market. In line with this, the growing complexities of intergenerational wealth transfers is resulting in a higher uptake of family office services among HNW individuals. Moreover, the escalating demand for customized investment strategies catering to the specific needs and preferences of family members is also creating lucrative opportunities in the market. Some of the other factors contributing to the market include the increase in global wealth, an enhanced focus on privacy and confidentiality regarding financial affairs of HNW individuals, and considerable growth in cross-border investment.
Key Market Segmentation:
Competitive Landscape with Key Players:
Type Insights
Office Type Insights
Asset Class Insights
Service Type Insights
Breakup by Region:
Key Highlights of the Report:
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.
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.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:
+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
