Family Office Roundup #18

January 05, 2024

What is your family office’s top concern?

61% of North American family offices report that it’s cyber-attacks.

REPORT?

CAMPDEN WEALTH: NORTH AMERICA FAMILY OFFICE REPORT 2023?

Highlights include:??

• 46% of family offices are planning to implement growth as their primary investment strategy by 2028.?
• Data breach / cyber-attack is the most frequently cited concern for family offices, with 61% listing it as a top worry.?
• Private markets have become the largest asset class in terms of allocations.?
• 92% of respondents agree that successful succession planning involves early introduction of next generations to family values.?

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REPORT?

CAMPDEN WEALTH: EUROPE FAMILY OFFICE REPORT 2023?

Highlights include:??

• The two largest asset classes in European family office portfolios are equities and private markets (private equity, venture capital, and private debt) both averaging 28% of AUM. ?
• An investment committee is the prevalent governance structure found in 85% of European family offices.?
• European family offices exhibit a strong commitment to philanthropy - 65% of the surveyed family offices reported making philanthropic donations.?
• 51% of respondents cited cybersecurity as their primary concern.?

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REPORT?

CAMPDEN WEALTH: APAC FAMILY OFFICE REPORT 2023?

Highlights include:??

• Equities (27%) constitute the largest asset class within the typical APAC family office portfolio.?
• Only 49% of family offices have any form of succession plan. 11% have a formal, written plan that is legally enforceable. ?
• 32% of respondents are actively looking to increase their engagement in artificial intelligence.?
• 75% of APAC family offices engage in philanthropic donations.?

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TRENDS

KEY CONSIDERATIONS FOR SFOs?

Key considerations include creating strategic plans for succession, the use of technology for real-time reporting and streamlined data gathering, investing in private markets, and decision-making based on formal governance structures.?(Illias Georgopoulos for WealthManagement.com)?

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INSIGHTS

FOCUS AREAS FOR FAMILY OFFICES FROM THE WORLD OF WILLY WONKA?

Areas to focus on: Innovation and Creativity, Legacy and Mentorship, Dreams and Aspirations, Imperfection and Managing Conflict, and Social Commentary & The Moral Compass.?(Francois Botha for Forbes)?

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