What does 2024 have in store for family offices? With the new year, many analysts, service providers and other experts are taking the opportunity to offer their insights.
The Global Family Offices Market Report 2024, for example, foresees a growing global family office sector: from a valuation of $18.33 billion in 2023 to $23.82 billion by 2028. That report also offers a detailed look at how disruptive technologies are transforming the wealth management services offered by family offices: “Digitalization stands out as a key trend, as family offices harness cutting-edge technology platforms for optimal asset management, providing heightened security and superior investment opportunities.”
The report is just one of several released in recent weeks that look the key issues family offices will face this year. Some common themes: In addition to digitalization, several cite cyber security concerns and staffing challenges as areas to watch.
A sampling of recent reports offering a look at trends, challenges and growth estimates:
- Family offices need to face up to trend for greater complexity in 2024
- Global Family Offices Market Report 2024
- Three overlooked hurdles for family offices in 2024
- The Top 10 Family Office Trends in 2024
