Global Family Office Market Size, Trends & Growth Opportunity, By Product Type (Single Family Office, Multi-Family Office, and Virtual Family Office), By Services (Financial Planning, Strategy, Governance, and Advisory), By Region and Forecast till 2027.
Report ID : IR1001910 | Industries : Energy & Power | Published On :June 2024 | Page Count : 234
Global Family Office Market Size, Trends & Growth Opportunity, By Product Type (Single Family Office, Multi-Family Office, and Virtual Family Office), By Services (Financial Planning, Strategy, Governance, and Advisory), By Region and Forecast till 2027.
Global Family Office Market
The Global Family Office Market is expected to grow from US$ 87.18 Billion in 2021 to US$ 133.60 Billion by 2027; it is estimated to grow at a CAGR of 7.37% from 2022 to 2027.
Market Overview
Family offices are private wealth management advising companies that serve extremely wealthy clients. They vary from traditional wealth management firms in that they offer a complete outsourced solution for handling a person's or family's finances and investments.
Market Drivers
The primary element projected to fuel the expansion of the global family office market is an increase in the number of high network persons. Additionally, wealth management companies and private banks satisfy the demand for increased frequency of HNI due to financial services, although family offices are anticipated to drive the market's expansion throughout this forecast period. Additionally, an increase in family office demand in industrialised nations will benefit market expansion.
Market Restraints
Controlling operating expenses, which include employee costs, operational costs associated with maintaining IT systems, and overhead administrative expenses, is one of the biggest issues family offices confront. Family office members are quite concerned about the difficulties in constructing the family office to maximise cost-effectiveness and expenditure deductibility, which is expected to impede market growth throughout the forecast period.
Market Segmentation
Global Family Office Market is segmented into product type such as Single Family Office, Multi-Family Office, and Virtual Family Office. Further, market is segmented into services such as Financial Planning, Strategy, Governance, and Advisory.
Also, Global Family Office Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as BNY Mellon Wealth Management, Bessemer Trust, Northern Trust, Bessemer Trust, Citi Private Bank, HSBC Private Bank, Cambridge Associates, Pictet, Stonehage Fleming Family & Partners, and Glenmede.
Market Taxonomy
By Product Type
• Single Family Office
• Multi-Family Office
• Virtual Family Office
By Services
• Financial Planning
• Strategy
• Governance
• Advisory
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Family Office Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Family Office Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Family Office Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Family Office Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Family Office Market Share Analysis, By Product Type
5.3 Global Family Office Market Size and Forecast, By Product Type
5.3.1 Single Family Office
5.3.2 Multi Family Office
5.3.3Virtual Family Office
6 Global Family Office Market, By Services
6.1 Y-o-Y Growth Comparison, By Services
6.2 Global Family Office Market Share Analysis, By Services
6.3 Global Family Office Market Size and Forecast, By Services
6.3.1 Financial Planning
6.3.2 Strategy
6.3.3 Governance
6.3.4Advisory
6.3.5Others
7Global Family Office Market, By Region
7.1 Global Family Office Market Share Analysis, By Region
7.2 Global Family Office Market Share Analysis, By Region
7.3 Global Family Office Market Size and Forecast, By Region
8North America Family Office Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Family Office Market Share Analysis, By Product Type
8.3 North America Family Office Market Size and Forecast, By Services
8.4 North America Family Office Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Family Office Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Family Office Market Share Analysis, By Product Type
9.3 Europe Family Office Market Size and Forecast, By Services
9.4 Europe Family Office Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Family Office Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Family Office Market Share Analysis, By Product Type
10.3 Asia Pacific Family Office Market Size and Forecast, By Services
10.4 Asia Pacific Family Office Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Family Office Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Family Office Market Share Analysis, By Product Type
11.3 Latin America Family Office Market Size and Forecast, By Services
11.4 Latin America Family Office Market Size and Forecast, By Country
12Middle East Family Office Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Family Office Market Share Analysis, By Product Type
12.3 Middle East Family Office Market Size and Forecast, By Services
12.4 Middle East Family Office Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
15.1 BNY Mellon Wealth Management
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Bessemer Trust
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Northern Trust
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Bessemer Trust
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Citi Private Bank
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 HSBC Private Bank
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Cambridge Associates
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Pictet
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Stonehage Fleming Family & Partners
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Glenmede
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies