The number of single-family offices is expected to rise from 8,000 to 10,720 by 2030, according to Deloitte Private.
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 Deloitte Private.
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. 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.
The growth is being driven by two broader economic forces. Increasingly, wealth is growing fastest at the top of the pyramid, as technology and globalization create winner-take-all markets and outsized rewards for tech entrepreneurs. The number of Americans worth $30 million or more grew 7.5% in 2023, to 90,700, while their fortunes surged to $7.4 trillion, according to CapGemini.
"They want a team that's entirely dedicated to them, 24 hours a day," Gooch said."Not only with investing, but in all the different areas of their life." North America is leading the family office revolution. Family office wealth in North America is expected to grow by 258% between 2019 and 2030, compared to 208% in the Asia Pacific region. North America's 3,180 single-family offices are expected to balloon to 4,190 by 2030, accounting for about 40% of the world's total. Asia Pacific has about 2,290 family offices today, expected to grow to 3,200 by 2030.
As they expand in both size and number, family offices are also becoming more institutionalized. Rather than two- or three-person shops focused on basic portfolios and arranging family travel, today's family offices are more likeFamily offices are also changing how they invest. Instead of the old-school 60-40 stock and bond portfolios, family offices are shifting their money toFamily offices now have 46% of their total portfolio in alternative investments, according to the J.P.
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