With Intelligence’s Post

Future of Family Offices: Global Market to Surge to $11.41 Trillion in Two Years... - Total estimated AUM of those 4,500 SFOs is $4.77trn, of which $3.23trn is now attributable to the 2,700 SFOs on the Highworth Database. - Total AUM of the 4,500 single-family and 2,500 multi-family offices is $11.41trn, of which $5.32trn is now attributable to those on the Highworth Database. Highworth Research Ltd Research, home to the largest online database of single-family offices worldwide, is now part of With Intelligence. Access exclusive SFO profiles, including private non-commercial multi-family offices unavailable elsewhere. Request a demo and learn more: https://lnkd.in/gUxn4WFC #SFO #singlefamilyoffice #globalfamilyoffice #familyoffices

🏢 The Power of Virtual Family Offices (VFOs) 🏢 As the financial landscape evolves, so do the ways families manage their wealth. Enter the Virtual Family Office (VFO)—a dynamic solution that combines flexibility, cost-effectiveness, and customized service. Let’s explore the advantages of embracing this modern approach: Direct Control and Flexibility: In a VFO, your client wields the reins. If they’re dissatisfied with a team member, they can swiftly make changes. Reshaping the team, portfolio, or strategy? No problem! A VFO allows adjustments at their discretion. Unlike a traditional Multi-Family Office (MFO), where clients might feel “stuck” with an assigned team, a VFO empowers them to tailor their wealth management approach. Diverse Investment Perspectives: A Chief Investment Officer (CIO) within a VFO can stay attuned to what other families are investing in. By leveraging outsourced CIO services, your client gains access to best practices from MFOs. Whether managing liquid assets or real estate investments, a VFO provides flexibility and expertise. Cost Efficiency: Traditional family offices can be expensive to set up and maintain. VFOs offer a leaner, more cost-effective alternative. By outsourcing staff and services, monthly overhead remains manageable while resources stay accessible. Customization: VFOs allow families to design their own bespoke solutions. Harness the experience and competencies of trusted professionals while avoiding unnecessary overhead. In a world where adaptability and efficiency matter, VFOs emerge as a strategic choice. Share your thoughts! 🚀 #VirtualFamilyOffice #WealthManagement #FinancialFlexibility

There are three major difficulties in understanding the size of the family offices market globally. The first is estimating the numbers of single family offices with any degree of accuracy. (Multi-family office numbers are easier to assess). The second is gathering sufficient evidence of their asset allocation and its investment value. The third is the identification of addressable AuM, being capital which is available for investment by third party managers, and separating that in value from the AuM from direct investment, usually through real estate, PE, & VC, practiced by many single family offices. There are no precise answers to these questions although the recently released report "The Future of Family Offices" from Highworth Research, part of With Intelligence, does produce convincing estimates of the global family office market size, based on the statistics which can be derived from the Highworth Global Family Offices Database, the largest and longest -established online database of its kind. Currently the discoverable family office global market size is estimated by Highworth Research at $5.32trn, about 10% of the global size of the pension fund market. It is expected to more than double in value by 2026.

Technology and Private Markets: The Changing Family Office Approach (via Forbes): https://ow.ly/KGzx50RiCby #familyoffice #privatewealth #wealthmanagement #forbes

Exclusive: An inaugural survey by AlTi Tiedemann Global and Campden Wealth shows that the bigger the family office, the happier family members — and employees — are with it. I spoke to Erik Christoffersen about the reasons behind that, and other insights from the survey, for my story in Institutional Investor: https://lnkd.in/emJKzKRA #familyoffices #assetmanagement #humanresources

What are the key strategic shifts for family offices in 2024?#castlefamilyoffice #castlesingapore The family office sector continues to trend upward as substantive growth in both the number of establishments and the assets under management (AUM) has been recorded. The global family office market size is expected to expand at a CAGR of 7.21% during the forecast period, reaching US$19,567.22 million by 2027. In recent years, the pressure has been on family offices to generate higher risk-adjusted returns and create operational efficiencies. Still, the primary objective was to preserve and grow family wealth. 1) Asset allocation reviews The financial markets are facing one of the most uncertain periods in decades. Global inflation and high interest rates force family offices to review their portfolio allocations. Family offices will look for uncorrelated returns to downward-trending equities. They will be increasingly turning to private equity, real estate, and private debt, as well as exploring other possibilities such as derivatives… https://lnkd.in/eeDxhRY3

👍 If you're interested in how family offices could function more successfully, check this report out. The link shows the report's table of contents and gives you a good preparation for the detailed information within it. 👏 Francois Botha and his team at Simple are certainly ahead of the game on educating family offices themselves, and also external parties. There's a live discussion about it today at 5pm UK time - https://lnkd.in/egQf_9iZ #familyoffices #privatewealth #familyoffice #succession #managingwealth https://lnkd.in/eS5CNDpx

„Based on the perceptions and insights of senior management of founders’ single-family offices, the discontent between what they wanted and needed and what they were getting from their previous professionals was a solid motivator for establishing their single-family offices. The biggest problem is that these professionals did not understand the founder and the family.“ Great article!

Along with expanding into a brand-new state, we are also opening another office in a state where we are already established. That’s right; we have TWO NEW OFFICES opening soon! Can you guess where we’re headed? Drop your guesses in the comments! Hint: In one state, we already have at least three offices. #TysonMendes #NewOffice #NewOfficeLocation #GuessWhere #ComingSoon #CantStopWontStop #GrowthMindset #NoNuclearVerdicts #JusticeforALL

Really great article supported by Colliers research. A couple of observations as it relates to Toronto: -Suburban Toronto is weighed more heavily to smaller entrepreneurial tenants versus the larger corporate occupants in Downtown Toronto that are struggling to get employees back into the office -I rewatched LOTR with my kids recently. The commute downtown feels like Frodo’s journey to Mordor. -In the period of 2015 to 2019 many Institutional investors acquired downtown assets with a heavy reliance on 10 year DCFs, a mark to market on rental rates, and overlooking asset negatives to get a “foot in the door”. The underwriting assumptions on many “‘B’ priced like an ‘A’” acquisitions in this period have not transpired. The reality is that downtown Toronto office appraisals are trending back to where they should be, while suburban office has been a steady and predictable performer. Watch this space for an imminent closing from our team to reinforce suburban price discovery. Thoughts Adam Jacobs, PhD ?