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Family Office Insights Series: Top 10 Family Office Trends in 2024

Reported by Deloitte
Aug 1, 2024· 2 min read
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Key Takeaways
  • • Deloitte Private launched its Family Office Insights Series with the Top 10 Family Office Trends 2024 report, based on a global survey of 354 single family offices and 40 in-depth interviews with senior executives.
  • • The surveyed family offices represent an average net worth of US$3.8 billion and a combined estimated net worth of US$1.3 trillion.
  • • Surveyed family offices report average assets under management of US$2.0 billion, with total estimated AUM exceeding US$700 billion.
  • • Key trend areas covered include investing, risk management, sustainability, hiring, succession planning, cybersecurity, and technology transformation.
  • • Family offices are diversifying across geographies and asset classes to manage volatility, while adopting AI, blockchain, and automation.
Summary
Deloitte Private has launched a new Family Office Insights Series, with its Top 10 Family Office Trends, 2024 serving as the first installment. The publication is intended to help family offices address investment strategy, performance benchmarking, succession planning, team building, technology integration, and alignment of wealth with family values.

The report identifies several forces shaping the sector. According to Deloitte Private, global events are driving market volatility, and family offices are responding by diversifying portfolios across geographies and asset classes. Emerging technologies, including artificial intelligence, blockchain, and automation, are also transforming the industry, and family offices are seeking innovation to adapt.

The report draws on a global survey of 354 single family offices and 40 in-depth interviews with senior family office executives. The participating families represent an average net worth of US$3.8 billion and a total estimated net worth of US$1.3 trillion. The family offices have average assets under management of US$2.0 billion and total estimated AUM of more than US$700 billion.

The trends examined span investing, risk management, sustainability, hiring, succession planning, cybersecurity, and technology transformation. Deloitte Private indicates that further perspectives will follow in the series.

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Sources

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Deloitte Family Office Insights Series: Top 10 Family Office Trends in 2024