Family Office Market Size 2023 Key Companies Profile, Brief Introduction, Investment Scenario Strategic Recommendations will achieve USD 21012.49 million by 2028
PUNE, June 02, 2023 (GLOBE NEWSWIRE) -- "Family Office Market" research report focus on overall information that can help to take decisions on current market situation.
*Family Office Market Report Contains 2023: -*
· Complete overview of the global Family Office Market
· Top Country data and analysis for United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc. It also throws light on the progress of key regional Family Office Markets such as North America, Europe, Asia-Pacific, South America and Middle East and Africa
· Description and analysis of Family Office market potential by type, Deep Dive, disruption, application capacity, end use industry
· impact evaluation of most important drivers and restraints, and dynamics of the global Family Office Market and current trends in the enterprise
· Detailed profiles of the Top major players in the industry, including. BNY Mellon Wealth Management,BMO Harris Bank,Hawthorn,Abbot Downing,Glenmede Trust Company,Rockefeller Capital Management,UBS Global Family Office Group,Wilmington Trust,Northern Trust,Atlantic Trust,HSBC Private Bank,Pictet,U.S. Trust Family Office,Bessemer Trust,Citi Private Bank,Stonehage Fleming Family & Partners
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*Family Office Market Segmentation: -*
Market Overview of Global Family Office market:
The latest research study on the global Family Office market finds that the global Family Office market reached a value of USD 13699.17 million in 2022. It’s expected that the market will achieve USD 21012.49 million by 2028, exhibiting a CAGR of 7.39% during the forecast period.
Family office is designed to provide clients with professional, independent and comprehensive family affairs management. Through the global financial consulting, tax planners, law firms, accounting firms, asset management, education experts, health consultants and other top professional consultants, they create tailor-made full-service services for the wealthy family. Based on the family's sustainable business position, the service covers all aspects of family life and interpersonal relationships. Highly focused on the individual needs of customers.
Limitations
With the booming capital market and the rapid increase in the number of wealthy people, the family office as a new service model is gradually receiving attention from various financial institutions in emerging markets. However, family offices are still in their infancy in emerging markets, and various systems and models remain to be explored.
In addition, because each family wants to find the best professional team to serve themselves, this means that many family offices need to compete for talent when recruiting talent. In addition to experts and elites in various fields, some people in the family office need to be responsible for finding suitable talents and products when the family needs them, and docking the corresponding resources. However, emerging markets are faced with talent shortages, and they need to introduce a large number of talents.
Opportunities
According to a recent survey by UBS and Campden Wealth Research on the "2018 Global Family Office", the global family office has a significant investment return, with an average return of 15.5%, much higher than the 7% in 2016 and 2015. 0.3%. Among them, the Asia Pacific region performed the best, with an average return on investment of 16.4%, which was mainly due to the outstanding performance of stocks and private equity direct investment in developing markets in 2017. In addition, growth in the Asia Pacific region is also affected by the high allocation of real estate, and the survey results also show that the family offices in the Asia Pacific region are more inclined to growth investment strategies.
Region Overview:
In global comparison, a significant portion of the revenue was generated in Europe (38.92% in 2021).
Company Overview:
HSBC Private Bank is one of the major players operating in the Family Office market, holding a share of 4.3% in 2020.
HSBC Private Bank
As part of the HSBC Group, one of the world’s largest banking and financial services organizations, HSBC Private Bank seeks to be the leading international private bank for business owners and their families. It provides clients with wealth, business and family succession solutions in the largest and fastest growing markets around the world. HSBC Private Bank is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC Group.
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Bessemer Trust
Bessemer Trust, National Association provides wealth management services to private clients. The company provides investments, such as hedge funds, private equity, and real estate. In addition, it offers legacy planning, tax strategies, family wealth stewardship, concentrated holding strategies, family company advisory, insurance advisory, philanthropic advisory, real estate advisory, and financial services.
Segmentation Overview:
Among different product types, Multi Family Office segment is anticipated to contribute the largest market share in 2027.
Single Family Office (SFO)
A single family office is a private company. In general, a fully functional single family office participates in all or part of a family's investment, principal, trust, and estate management.
Multi Family Office (MFO)
Except for a handful of private family offices that are not open to other families, most family offices sell services to other families, which are called Multi Family offices. In addition to a single family office function, a Multi Family office manages the finances of multiple families, which are not necessarily related.
Virtual Family Office (VFO)
For families looking for a family office to manage finances and not wanting to build a physical company, outsourcing services to external providers that provide services and consulting is called a virtual family office.
Application Overview:
The market's largest segment by application is the segment Financial, with a market share of 43.29% in 2021.
The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Family Office market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Research Scope
This report provides an overview of the global Family Office market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Family Office and its sub-markets in an intuitive way.
researcher’s latest report provides a deep insight into the global Family Office Market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
Family Office Market segments help decision-makers direct the product, sales, and marketing strategies, and can power your product development cycles by informing how you make product offerings for different segments.
In Chapter 4 and Chapter 14.2, on the basis of types, the Family Office market from 2018 to 2029 is primarily split into:
· Single Family Office (SFO)
· Multi Family Office (MFO)
· Virtual Family Office (VFO)
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Family Office market from 2018 to 2029 covers:
· Financial
· Strategy
· Governance
· Advisory
*Market segment by Region/Country including: -*
· North America (United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia and Spain, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.)
· South America (Brazil, Argentina, Colombia, etc.)
· Middle East & Africa (South Africa, UAE, Saudi Arabia, etc.)
*Key Players in the Family Office Market: -*
· BNY Mellon Wealth Management
· BMO Harris Bank
· Hawthorn
· Abbot Downing
· Glenmede Trust Company
· Rockefeller Capital Management
· UBS Global Family Office Group
· Wilmington Trust
· Northern Trust
· Atlantic Trust
· HSBC Private Bank
· Pictet
· U.S. Trust Family Office
· Bessemer Trust
· Citi Private Bank
· Stonehage Fleming Family & Partners
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*Key Benefits of Family Office Market Research Report:*
· Types, applications, regions, and key players covered in the study
· Industry drivers, restraints, and opportunities covered in the study
· Recent industry trends and developments
· Competitive landscape & strategies of key players
· Historical, current, and projected market size, in terms of value
· In-depth analysis of the Artificial Intelligence AI Chips Market
· Sales, price, revenue, market share, and growth rate are covered in the report sales channels, distributors, traders, dealers, etc. are covered in the report
Chapter Outline
Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.
Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.
Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.
Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.
Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.
Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.
Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.
Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.
Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.
Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2029
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1.To study and analyze the global Family Officeconsumption (value) by key regions/countries, product type and application
2.To understand the structure of Family Office Market by identifying its various sub segments.
3.Focuses on the key global Family Officemanufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.
4.To analyze the Family Office with respect to individual growth trends, future prospects, and their contribution to the total market.
5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6.To project the consumption of Family Office submarkets, with respect to key regions (along with their respective key countries).
7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
8.To strategically profile the key players and comprehensively analyze their growth strategies.
*Key Reasons to Purchase*
To gain insightful analyses of the market and have comprehensive understanding of the global Family Office Market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the Family Office Market and its impact in the global market.
Learn about the Family Office Market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the Family Office Market.
Besides the standard structure reports, we also provide custom research according to specific requirements
Client Focus
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Family Office market?Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and we elaborate at full length on the impact of the pandemic and the war on the Family Office,Industry.
2. How do you determine the list of the key players included in the report?With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Please find the key player list in Summary.
3. What are your main data sources?Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.
Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
4. Can I modify the scope of the report and customize it to suit my requirements?Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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