Breakdown

To build things up you need to break it down sometimes. What's the breakdown of our financial lives that tells the story of what's happening under the hood? There's the actual numbers and then there's how we feel about it...and even those with what anyone throughout history would consider wealthy just don't feel that way anymore -

Maybe that has something to do with this -

The American dream always meant different things to different people but it always meant the ability and opportunity to get ahead...but the sums needed to keep up keep rising and rising. By any measure we are living in the most incredible, blessed time to be alive in human history. We've made leaps and strides even to the point where there's life changing medicines that are just starting to be understood, with impacts that will extend lives and create opportunities and wealth.

For any positive news, there are other effects - what happens when consumption of certain products declines? Rising wealth has had an impact on the environment, clearly. And one important industry (among others) will be going through some things

We're going to have to count on those that have to make the right decisions with their money. And the amounts of wealth that has been accumulated and created is tremendous in the trillions.

When we're talking trillions, we're talking real money. Shape the world money. That's what we're talking about when we're talking about family offices. We can't understand the world of wealth, investing, and money without understanding the role and impact that family offices have had. And as powerful as they already are, the next decade will see an explosion in their size and scope. And that's off a multi-trillion baseline, numbers we can not wrap our minds around. Some numbers and takeaways from this Deloitte report:

* There are around 8,030 single family offices in the world today, up from 6,130 in 2019. This number is projected to grow by to 10,720 family offices by 2030 - a 75% increase over this roughly 10-year period. That's an unbelievable explosion in families managing significant assets.

A regional breakdown - 3180 single family offices in North America, 2290 in Asia Pacific, 2020 in Europe, 290 in the Middle East, 190 in South America, and 60 in Africa.

In 2019, the wealth for families with family offices was $3.3 trillion. Today it's up to $5.5 trillion - a 67% increase in five years. By 2030, that number will hit $9.5 trillion. That's a pretty insane increase over basically a decade. Family offices’ total estimated assets under management is now $3.1 trillion and is expected to reach $5.4 trillion by 2030. That's a 73% increase...over 6 years!

* Women are still underrepresented but taking on more leadership roles - serving as the principals of 15% of family offices worldwide.In North America, women are the principals of 12% of family offices, in Europe 20%, Asia Pacific 18%, the Middle East 10%, South America 17%, and Africa 21%.* Family offices spend roughly half their time on portfolio management and direct investing and less than 10% on training the next-gen and philanthropic activities.

* Based on this survey they believe they will become more institutionalized and professionally managed (66%), and that their portfolios will become more diversified across asset classes and geographies (55%).38% believe family offices will increasingly transition from being embedded in the family’s operating business to become independent structures. Look through this entire report, print it out, and share - it's an important resource full of insights. What are your thoughts and takeaways? https://lnkd.in/eASN2xtp

How they allocate assets will change and influence businesses and economies and countries. How these families pass down the legacies they've built up (and not just the businesses, shares, real estate) will disrupt and shape the world and how we solve problems, develop technologies and innovation, and may cause some other problems along the way...

Secure the bag.