Family Office Market Size

Family Office Market size was valued at USD 17.94 billion in 2023 and is expected to reach USD 40.18 billion by 2036, registering around 6.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of family office is assessed at USD 18.86 billion.

The global family office market is thriving on the back of the rising need amongst families or individuals to outsource their entire financial management. Family offices are a means of investment management for affluent families. Family offices provide their clients with a wide range of services including tax planning, budgeting, insurance, among others besides investment. The most important aspect of every family office is the handling of private wealth along with privacy and the highest possible level of confidentiality. The family office often is and should be, the only entity that keeps all the information for all family members, covering the entire portfolio of assets and general personal information.