Ultra-Wealthy Family Offices to Control $9.5 Trillion by 2030
Deloitte report highlights rapid growth and rising influence of family offices in global wealth management.
- Family offices' assets are projected to increase from $5.5 trillion today to $9.5 trillion by 2030.
- The number of family offices is expected to grow by one-third, reaching 10,720 globally.
- Family offices now rival hedge funds in managing wealth for the ultra-rich.
- The rise is driven by increasing wealth concentration and demand for personalized financial management.
- Family offices are shifting investments to alternative assets like private equity and venture capital.