|
Matthias Knab, Opalesque for New Managers: The wealth of ultra-rich families will likely swell to $9.5 trillion by 2030, according to a study.
The number of single-family offices - the in-house investment and service firms of families typically worth $100 million or more - is expected to rise from 8,000 to 10,720 by 2030, according to a report from Deloitte Private. Their assets are expected to grow even faster, topping $5.4 trillion by 2030, up from $3.1 trillion today and more than doubling since 2019.
In total, the wealth of families with family offices is expected to top $9.5 trillion in 2030, a 189% increase, according to the report - more than doubling over the decade.
According to the study, the rise of family offices is remaking the wealth management industry and creating a powerful new force in the financial landscape.
By region, there are 3,180 family offices in North America today, 2,020 in Europe, 2,290 in Asia Pacific, 290 in the Middle East, 190 in South America, and 60 in Africa. The North American region is expected to grow the most, with its number of family offices expected to nearly double from 2,210 in 2019 to 4,190 in 2030 - a 90% increase.
However, Asia Pacific is gaining considerable steam and has surpassed Europe regarding the number of family offices (2,290 versus 2,020 for Europe). It is expected to outpace North America in terms of its speed of gro...................... To view our full article Click here
|
RSS
