62% of family offices globally reported that their purpose is wealth preservation
Source: The 2023 Global Family Office Compensation Benchmark Report
INSIGHTS
GLOBAL FAMILY OFFICE REPORT: UBS
The report shows that family offices are increasing allocations to hedge funds, developed market fixed income, and emerging markets equities. Geopolitics is their top concern, leading to a diversification in regional investment preferences. However, there is room for improvement in areas such as succession planning and risk management, including cybersecurity controls. (UBS)
INSIGHTS
2022 – 2023 GLOBAL FAMILY OFFICE REPORT: BLACKROCK
The report reveals that family offices are adapting their approach due to inflation and geopolitical concerns. They are increasing portfolio reviews, seeking external input, and placing emphasis on fixed income, private credit, and infrastructure investments to navigate the evolving market landscape. (BlackRock)
OPINION
HOW TO SUSTAIN GENERATIONAL WEALTH
The article delves into how governance and succession planning can help preserve wealth across generations and ensure competent leadership, and how external experts and professionalised processes further contribute to the success and longevity of family offices. (Forbes)
INSIGHTS
GLOBAL FAMILY OFFICE COMPENSATION BENCHMARK REPORT: KPMG & AGREUS
Family offices are implementing long-term compensation structures and talent retention strategies. They are diversifying investments and considering the potential impact of a recession. This strategic approach helps navigate through uncertain times, ensuring sustainability and success for future generations. (KPMG & Agreus)
INSIGHTS
2023 APAC FAMILY OFFICE REPORT: PREQIN
The report identifies inflation, rising interest rates, and geopolitical tensions as key concerns. It shows APAC family offices’ interest in alternative investments, such as private debt and hedge funds and unveils their caution towards real estate and private equity investments. (Preqin)
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