{"id":35973,"date":"2025-10-21T11:41:49","date_gmt":"2025-10-21T11:41:49","guid":{"rendered":"https:\/\/agooka.com\/news\/usa\/family-offices-are-booming-as-the-superrich-look-to-futureproof-their-fortunes\/"},"modified":"2025-10-21T11:41:49","modified_gmt":"2025-10-21T11:41:49","slug":"family-offices-are-booming-as-the-superrich-look-to-futureproof-their-fortunes","status":"publish","type":"post","link":"https:\/\/agooka.com\/news\/usa\/family-offices-are-booming-as-the-superrich-look-to-futureproof-their-fortunes\/","title":{"rendered":"Family offices are booming as the superrich look to futureproof their fortunes"},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/68f74c285dbc4fd10dab3435?format=jpeg\" alt=\"A cyclist rides along the Marina Bay promenade, which is next to the financial business district in Singapore on May 9, 2022.\"\/><figcaption>Singapore has become a global hub for the world&#039;s wealthiest families, hosting more than 2,000 single-family offices by 2024, per Julius Baer.<\/p>\n<p>ROSLAN RAHMAN\/AFP via Getty Images<\/p>\n<\/figcaption><\/figure>\n<ul>\n<li>Julius Baer&#039;s 2025 Family Barometer shows family offices are booming<\/li>\n<li>Singapore&#039;s single-family offices surged tenfold, topping 2,000 by the end of 2024, it said.<\/li>\n<li>Private markets now make up 35% of ultrawealthy portfolios, driven by next-gen heirs.<\/li>\n<\/ul>\n<p>For the world&#039;s richest families, wealth management is no longer just about making money \u2014 it&#039;s about survival.<\/p>\n<p>According to Julius Baer&#039;s new Family Barometer 2025, produced in collaboration with PwC Switzerland, family offices \u2014 once seen as quiet administrative centers \u2014 have become command hubs for navigating a world of geopolitical tension, digital risk, and generational transition.<\/p>\n<p>Family offices are essentially private companies that manage all aspects of a wealthy family&#039;s finances \u2014 from investments and real estate to philanthropy, taxes, and even education \u2014 allowing them to control their money like a business.<\/p>\n<p>The report, based on a global survey of 2,485 experts conducted in October, draws insights from wealth managers, tax advisors, family-office executives, and consultants across Europe, Asia, the Middle East, and Latin America.<\/p>\n<p>The richest families, it found, are preserving capital and building systems to protect their power for decades to come.<\/p>\n<h2>The rise of the family office<\/h2>\n<p>The report finds that only about 40% of ultrawealthy families worldwide have a family office, but that share is growing fast \u2014 especially in Asia.<\/p>\n<p>Singapore and Hong Kong have become epicenters, with Singapore alone hosting more than 2,000 single-family offices by the end of 2024, a tenfold jump in just a few years, according to the report.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/68da5f52cc993f9955cf153c?format=jpeg\" alt=\"People cycling along a track backdropped with the city skyline in Singapore on June 27, 2025.\"\/><figcaption>Singapore is the top destination where the world&#039;s wealthy are moving their money, HSBC finds.<\/p>\n<p>ROSLAN RAHMAN\/AFP via Getty Images<\/p>\n<\/figcaption><\/figure>\n<p>Cost and complexity remain major barriers to starting family offices, yet families are finding ways around them.<\/p>\n<p>A growing share is adopting hybrid setups that outsource philanthropy, cybersecurity, or legal compliance while keeping investment and governance decisions in-house.<\/p>\n<p>Setting up a family office &quot;largely depends on the family&#039;s specific circumstances,&quot; said Mar\u00eda Eugenia Mosquera, Julius Baer&#039;s head of family-office services, citing factors such as wealth, complexity, and the needs of family members.<\/p>\n<p>She said it requires &quot;thorough assessment and analysis&quot; and an objective approach to ensure the structure is appropriate.<\/p>\n<h2>From wealth to legacy<\/h2>\n<p>For the first time, &quot;building family legacy&quot; ranks among the top three priorities for the global elite.<\/p>\n<p>Families are drafting constitutions and mission statements, codifying values that can outlast founders and unify far-flung heirs.<\/p>\n<p>Nowhere is that more evident than in Asia, where second\u2014and third-generation entrepreneurs are turning family offices into institution-style platforms.<\/p>\n<p>&quot;We&#039;re seeing families move beyond simply managing wealth \u2014 they&#039;re looking for institutional-style platforms that can support them across borders, across generations,&quot; said Christos Anagnostopoulos, Julius Baer&#039;s head of family-office advisory in Asia.<\/p>\n<h2>Private markets are the new power play<\/h2>\n<p>Private markets have become the favored playground of the superrich.<\/p>\n<p>According to the report, allocations to private markets \u2014 including real estate, private equity, venture capital, infrastructure, and private credit \u2014 now account &quot;in some cases for 35% or more of their overall portfolios.&quot;<\/p>\n<p>&quot;These aren&#039;t assets you can trade at the click of a button \u2014 and that&#039;s precisely part of the appeal,&quot; said Giuseppe De Filippo, Julius Baer&#039;s head of private-capital markets.<\/p>\n<p>&quot;For families who can take the long view, illiquidity isn&#039;t a drawback; it&#039;s a feature. It opens the door to distinctive opportunities and what we call the &#039;illiquidity premium&#039; \u2014 the additional return that comes from committing capital with patience and conviction.&quot;<\/p>\n<p>As family offices grow in popularity, they will continue to evolve, Julius Baer said.<\/p>\n<p>What began as back-office bookkeeping has morphed into the ultimate power structure of the 21st century.<\/p>\n<p>The superrich are no longer just managing money \u2014 they&#039;re managing time, ensuring their wealth, values, and influence survive whatever the next generation, or global crisis, brings.<\/p>\n<p>Read the original article on Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore has become a global hub for the world&#039;s wealthiest families, hosting more than 2,000 single-family offices by 2024, per Julius Baer. ROSLAN RAHMAN\/AFP via Getty Images Julius Baer&#039;s 2025 Family Barometer shows family offices are booming Singapore&#039;s single-family offices surged tenfold, topping 2,000 by the end of 2024, it said. Private markets now make [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35974,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-35973","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usa"},"_links":{"self":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/35973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/comments?post=35973"}],"version-history":[{"count":0,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/35973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media\/35974"}],"wp:attachment":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media?parent=35973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/categories?post=35973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/tags?post=35973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}