Family Offices Market: Cross-Border Investments and Tax Optimization Trends

According to IMARC Group's latest research publication, global family offices market size was valued at USD 21.4 Billion in 2025. Looking forward, IMARC Group expects the market to reach USD 30.3 Billion by 2034, exhibiting a growth rate (CAGR) of 3.94% during 2026-2034.

How AI is Reshaping the Future of Family Offices Market

• Automated Investment Reporting and Portfolio Analytics: AI-powered reporting systems are transforming operations, with adoption jumping to 69% from 46% previously. Generative AI now assists 29% of offices with investment reporting, while 63% express interest in expanding usage.
• Risk Detection and Decision Intelligence: Machine learning algorithms analyze vast market datasets in real-time, identifying investment opportunities and risk factors with unprecedented speed. Offices cite manual processes as their top operational risk, driving AI adoption for predictive modeling.
• Research and Due Diligence Automation: Three times more offices now use AI compared to prior years, with 30% leveraging it for research tasks. AI streamlines document analysis, news monitoring, and securities evaluation, enabling teams to focus on strategic decisions.
• Wealth Aggregation and Real-Time Consolidation: Cloud-based platforms powered by AI consolidate data from multiple custodians and asset classes into unified dashboards. These systems address data inconsistencies while providing family members with accessible, real-time wealth positions across geographies.
• Blockchain-Enhanced Transparency and Compliance: AI combined with blockchain technology enables comprehensive transaction tracking and ownership verification. This integration enhances audit trails for alternative investments while streamlining regulatory compliance, particularly valuable for multi-jurisdictional structures managing complex holdings.

Family Offices Industry Overview

Ultra-high-net-worth families worldwide are professionalizing wealth management as an estimated $5.8 trillion transfers to next generations by 2030 in Asia-Pacific alone. The Goldman Sachs Group announced an evolved family office platform in November 2024, integrating Ayco and Private Wealth Management offerings with flexible à la carte services. Singapore registered over 2,000 single-family offices by end-2024, reflecting tenfold growth within years, while Hong Kong targets 200 new establishments by end-2025. Dubai's International Financial Centre now hosts offices controlling over $1.2 trillion in assets. Northern Trust launched Family Office Solutions in April 2025, building on its history serving 30% of Forbes 400 families with USD 450.7 billion under management as of December 2024.

Gain Actionable Insights from the “Family Offices Market” Research Report

Family Offices Market Trends & Drivers

Generational wealth transfer is accelerating succession planning urgency as 47% of offices expect control transitions within the coming decade, with 22% anticipating shifts within five years. Succession plans now exist in 69% of offices, up from 53% previously, as baby boomers prepare transfers exceeding $15 trillion by 2030 to heirs and charitable entities. Younger generation leadership brings fresh priorities toward technology adoption, impact investing, and values-driven strategies. RBC's 2025 North America Family Office Report reveals offices managing combined $285 billion are preparing for these transitions, with average assets of $2 billion per office. Angie O'Leary from RBC Wealth Management notes families prioritize transitioning wealth, control, and values simultaneously, with philanthropy serving as a bridge across generations.

Impact investing and ESG integration are reshaping portfolios as next-generation leaders emphasize measurable social and environmental outcomes alongside returns. Over 3,907 organizations now manage $1.571 trillion in impact investments globally, addressing UN Sustainable Development Goals from climate change to healthcare access. Family offices increasingly recognize every investment carries societal impact, with 54% of U.S. offices now participating in impact investing, double the rate from a decade ago. Half of private wealth clients give equal weight to environmental and social issues as financial returns, according to recent surveys. Families are establishing dedicated investment vehicles with mission-driven mandates, leveraging patient capital that spans generations rather than conventional venture capital timelines. Bank of America's Elizabeth Thiessen notes heirs tend to prioritize philanthropy integration differently than predecessors.

Multi-jurisdictional expansion accelerates as offices establish operations across Singapore, Hong Kong, Dubai, and traditional centers to capture regulatory advantages and investment opportunities. Singapore's government created the Family Office Development Team while introducing Variable Capital Company structures in 2020 for flexible wealth management. Hong Kong unveiled 0% profits tax for Family-owned Investment Holding Vehicles, aligning with low-tax competitors. Dubai welcomed 200+ new offices in 2024 through streamlined Family Arrangements Regulations at DIFC. Wealthy Chinese and Indian families increasingly adopt "dual hub" approaches, spreading wealth across jurisdictions to diversify risk while accessing specialized services. Mike Tan from Standard Chartered notes application processes vary significantly, with Singapore requiring pre-approval while Hong Kong allows self-declaration, influencing strategic location decisions for internationally active families.

Leading Companies Operating in the Global Family Offices Industry:

• 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

Family Offices Market Report Segmentation:

By Type:

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

Single family offices represent the largest segment in 2024, holding 53.2% of the market, driven by personalized financial management and centralized wealth focus for individual families.

By Office Type:

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

Founders’ offices lead with approximately 21.5% market share, catering to the wealth management needs of business founders through customized solutions and decision-making involvement.

By Asset Class:

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

Alternative investments dominate with around 40.8% market share, driven by the desire for uncorrelated returns, portfolio diversification, and protection against market volatility.

By Service Type:

• Financial Planning
• Strategy
• Governance
• Advisory
• Others

Financial planning holds a significant 66.6% market share, fueled by the comprehensive need for budgeting, risk management, and alignment with family goals for financial stability.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America accounts for over 40.9% of the market share in 2024, supported by a robust financial infrastructure, concentration of wealth, and a growing number of high-net-worth individuals.

Recent News and Developments in Family Offices Market

• April 2025: Northern Trust launched Family Office Solutions, a specialized service under its Global Family and Private Investment Offices division catering to ultra-high-net-worth families seeking institutional-grade financial management without standalone office complexity. The initiative builds on Northern Trust's history serving 30% of Forbes 400 and managing USD 450.7 billion in assets as of December 31, 2024, highlighting growing demand for flexible, bespoke family office solutions amid rising global wealth.
• June 2025: Several prominent Indian family offices, including those backed by leaders in automotive and IT sectors, are structuring Alternative Investment Fund (AIF)-like vehicles at GIFT City's International Financial Services Centre (IFSC) to navigate regulatory hurdles on overseas investments. Despite over a dozen Single Family Offices receiving licenses, ambiguity regarding Overseas Portfolio Investment and Overseas Direct Investment routes has prevented operationalization of foreign investments.
• February 2025: Aquiline Capital Partners announced the acquisition of SEI's Family Office Services business for USD 120 million, with plans to rebrand the operation as Archway, leveraging its strong position in the family office sector. SEI's Family Office Services, through its Archway Platform, currently manages USD 723 billion in assets, providing advanced accounting and reporting solutions to ultra-high-net-worth families, demonstrating continued consolidation and investment in the family office services sector.

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