{"product_id":"global-family-offices-market-report-and-forecast-2023-2028","title":"Global Family Offices Market Report and Forecast 2023-2028","description":"\u003cp\u003eGlobal Family Offices Market Report and Forecast 2023-2028\u003c\/p\u003e\n\n\u003cp\u003eMarket Outlook\u003c\/p\u003e\n\n\u003cp\u003eAccording to the report by Expert Market Research (EMR), the global family offices market attained a value of USD 87.18 billion in 2022. Aided by the growing number of wealthy families, the market is projected to further grow at a CAGR of 7.5% between 2023 and 2028 to reach a value of USD 133.60 billion by 2028.\u003c\/p\u003e\n\n\u003cp\u003eFamily offices refer to private wealth management advising companies that are designed to manage the private wealth of families. They are not positioned as public investment advisors, but only offer financial advice to family members, and are entirely owned and managed by family members. Due to changing economic and commercial demands, as well as the ongoing globalisation of commerce and regulations, family offices are becoming more common.\u003c\/p\u003e \n\n\u003cp\u003eGeographic dispersion, which includes international assets and family members moving away from the family's home base for work or school, is driving up demand for a well-established and streamlined money management service. Through their role of managing a family's worldwide wealth effectively on a daily basis, the family offices market is expanding globally. In recent years, there has been a significant increase in the creation of family offices to handle the business of wealthy families.\u003c\/p\u003e \n\n\u003cp\u003eThe rise in global wealth over time has been supported by the development of family offices. The market of family offices is expanding as a result of the complexity of asset management, uncertain financial markets, and unstable geopolitical environments. Such complexity necessitates a controlled and coordinated approach to money management, which supports the market expansion of family offices.\u003c\/p\u003e\n\n\u003cp\u003eFamily offices are becoming more prevalent in places like India, which is projected to open up attractive growth potential for the market. In Indian institutions, family offices tend to invest in traditional forms like equities, real estate, and gold. Family offices are predicted to finance the nation’s expanding start-up ecosystem in the years to come, which will in turn help the family offices market expansion. The market growth in India is accelerating as a result of celebrities, NRIs, and digital entrepreneurs setting up family offices and investing in Indian businesses.\u003c\/p\u003e\n\n\u003cp\u003eThe growth of the market for family offices is being further fuelled by shifting economic and market dynamics along with the ongoing globalisation of society, business, and regulation. The family offices work with the administration and facilitate efficient day-to-day management of a family's global wealth. Another factor driving the need for family offices is the complexity of tax laws brought on by the geographic distribution of wealth.\u003c\/p\u003e\n\n\u003cp\u003eMarket Segmentation\u003c\/p\u003e\n\n\u003cp\u003eThe market can be divided on the basis of type, asset class, and region.\u003c\/p\u003e \n\n\u003cp\u003eMarket Breakup by TypeSingle Family OfficeMulti-Family OfficeVirtual Family OfficeMarket Breakup by Asset ClassBondsEquitiesAlternative InvestmentsCommoditiesCash or Cash EquivalentsMarket Breakup by RegionNorth AmericaEuropeAsia PacificLatin AmericaMiddle East and AfricaCompetitive Landscape\u003c\/p\u003e\n\n\u003cp\u003eThe EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global family offices market companies. Some of the major key players explored in the report by Expert Market Research are as follows: Cascade Investment Group, Inc.MSD Partners, L.PStonehage Fleming Family and Partners LimitedThe Glenmede Trust Company, N.A.Bessemer Group, IncorporatedOthers*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.\u003c\/p\u003e","brand":"Service Industrries","offers":[{"title":"December, 2022 \/ 137 Pages \/ MCW16271399","offer_id":47707493171506,"sku":null,"price":3239.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-family-offices-market-report-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}