Family Offices in the News: Surpassing Hedge Funds with $5.4 Trillion by 2030
Thursday, 5 September 2024, 06:40
Rising Significance of Family Offices
In recent years, family offices have gained traction, becoming critical players in wealth management. As news shows, their assets are expected to soar to an impressive $5.4 trillion by 2030. This exponential growth can lead to a significant impact on the financial markets.
Key Factors Driving Growth
- Increased number of ultra-high-net-worth individuals globally
- Desire for personalized wealth management
- Strategic investments in various sectors
With the increasing number of single-family offices projected to rise from 8,000 to 10,720, the news signifies a shift from traditional hedge funds to family-run investing entities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.