TritonLake’s Post

"The inaugural Deloitte Private’s Family Office Insights Series – Global Edition surveyed 354 single family offices around the world to determine the forces and concerns at the forefront of the minds of family office executives. The offices oversee an average assets under management (AUM) of $2 billion, while the families they represent have an average wealth of $3.8 billion. Collectively, this totals an estimated US$708 billion in AUM and US$1.3 trillion in family wealth..." Click here to check out Deloitte Private's full Top 10 Family Office Trends, 2024 report: https://lnkd.in/eteSpr4A #familyoffices #familyofficeinsights

I am pleased to share the release of Deloitte Private’s inaugural Family Office Insights – Global Edition which reveals the Top 10 Family Office Trends of 2024. This comprehensive series is based upon our recent survey of 354 single family offices from around the world between September and December of 2023. These organizations oversee average AUM of US $2.0B with the associated families maintaining an average wealth of US$3.8B. The series identifies the top trends shaping the segment to inform how family office leaders and stakeholders can adapt their short- and long-term strategies to succeed. A few insights include: - Family offices are prioritizing risk management yet expect AUM growth in 2024. - Investments are shifting from public to private equity. - European family offices are shifting their focus more toward sustainable investment in comparison to their counterparts in North America and Asia Pacific. - As family offices expand, they are looking to evolve their business through hiring and outsourcing. - Families are prioritizing forward-thinking succession plans that instill confidence and readiness in the next generation.   Join us in exploring these trends and more in this video! https://bit.ly/4bN5qqy #DeloittePrivate #FamilyEnterprise #Succession

The Sky is the Limit for Family Offices: A Deloitte report forecasts assets under management increasing by almost three-quarters by the end of the 2020s. In pure numbers, Asia has already overtaken Europe.  #familyoffice #singlefamilyoffice

Two of the MAJOR reasons I joined RSM: 1. Tony Wood and 2. the value RSM can deliver as an outsourcing solution to family office leaders and investment teams who want to focus on investing and buying companies for their principals 🫡

Deloitte predicts that the Asia-Pacific region will outpace all others in family office setups by 2030. This growth reflects the region's expanding wealth and increasing demand for personalized wealth management solutions. #FamilyOffices #WealthManagement #Deloitte #AsiaPacific #Growth

"Family offices are evolving rapidly, transitioning from traditional family-run operations to entities increasingly managed by professional talent. This shift is driven by the growing complexity of managing substantial wealth and the need for specialized skills. A #Deloitte report surveying 354 single-family offices globally highlights these trends and offers valuable insights into the current landscape and future directions of family offices. By understanding these dynamics, family offices can better navigate challenges and seize opportunities for growth and sustainability..." #familyoffice #deloitteprivate #sustainability

According to Deloitte’s Family Office Insights Report, private equity is now the top asset class for family offices, with nearly 30% planning to increase their private equity investments. This shift is not entirely surprising, given that most family offices take a long-term, multi-generational approach to investing. I am keen to see how family offices compete with traditional PE firms for the best deals. Especially since they typically have smaller teams, and lack the in-house expertise needed to do thorough technology diligence. Too often, we've seen poor investments or overpayments happen when tech diligence is treated as just a box to check rather than being used as a strategic advantage. Here are three ways family offices can make sure tech diligence is working for them- not against them. 1️⃣ Select a provider that is driven by the investment thesis. This helps firms avoid spending too much time on an opportunity that isn't supported by the thesis, or on a risk that is acceptable and doesn't require mitigation. 2️⃣ Engage a provider as early in the process as possible. We are often in the initial management meetings to help with questions to ask, things to look for, and deciding when to trust versus when to investigate. This helps family offices beat the competition to the first bid or save time & money by walking away from a bad deal sooner. 3️⃣ Choose a diligence partner that not only evaluates a target’s team and technology, risks and opportunities, but can also provide a scoped and cost-estimated roadmap to remediate issues found in diligence to accelerate value post-close. https://lnkd.in/e_-5czP8 #FamilyOffices #TechDiligence #PrivateEquity #DueDiligence 

🌍💼 The recent Deloitte report highlights a significant surge in global family office wealth, projected to jump by 73% to a staggering US$9.5 trillion by 2030. Let's break down why this increase is happening and how family offices are contributing to this rise. 🔹 Diversification and Strategic Investments: Family offices are diversifying their portfolios beyond traditional assets. They're making strategic investments in private equity, real estate, and alternative sectors, capitalizing on emerging markets and innovative industries. 🔹 Generational Wealth Planning: Meticulous planning and long-term strategies are deployed to preserve and grow wealth across generations. This involves estate planning, tax optimization, and succession planning to ensure wealth sustainability. 🔹 Proactive Risk Management: Family offices are increasingly sophisticated in risk management. They employ advanced analytics and systems to mitigate risks, ensuring that their wealth remains resilient amidst market volatility. 🔹 Philanthropy and Impact Investing: Many family offices are focusing on philanthropy and impact investing, which not only contribute to societal good but also offer financial returns. This dual focus helps in aligning wealth growth with personal values. 🔹 Leveraging Technology and Expertise: Utilizing cutting-edge technology and hiring top-tier financial experts, family offices are better equipped to navigate complex financial landscapes, making informed decisions that drive wealth accumulation. Family offices are smartly spreading their investments, planning for the future, managing risks effectively, focusing on making a positive impact, and leveraging technology and expertise to grow their wealth. It's this combination of savvy strategies and disciplined execution that is driving the impressive increase in their assets. 🌟 #FamilyOffice #WealthStrategy #Investment #FinancialPlanning #WealthManagement #DeloitteReport #GrowthStrategies Eric Tan Wealth Strategist IBF Advanced (Level 3)

Explore how Family Offices are leading the way in driving change and shaping the future of #WealthManagement. At PwC, we're dedicated to supporting families and their Family Offices throughout their journey. Join us in harnessing innovation, fostering collaboration, and creating a prosperous and sustainable future for families and their wealth. Click here to learn more and be a part of the transformation. #FamilyBarometer #FamilyOffice #PwCforFamilyBusinesses #PwCFS Julius Baer

Explore how Family Offices are leading the way in driving change and shaping the future of #WealthManagement. At PwC, we're dedicated to supporting families and their Family Offices throughout their journey. Join us in harnessing innovation, fostering collaboration, and creating a prosperous and sustainable future for families and their wealth. Click here to learn more and be a part of the transformation. #FamilyBarometer #FamilyOffice #PwCforFamilyBusinesses #PwCFS Julius Baer