In May 2023, Goldman Sachs dropped a smokinâ fresh report on 166 family offices across Asia, Europe, and the Americas â and how they invest.
Last month, we shared how $20M+ entrepreneurs invest their money. Many of you gave feedback that this was your favorite edition. â
This week, letâs take an inside look at how family offices invest their generational wealth. đ
Today in 10 minutes or less, youâll learn:
đ¨âđŠâđ§âđŚ Who are family offices (and why theyâre different)
đ Family office asset allocation in Q1 2023
đŚ Expected investments in the next 12 months
đĄ Lessons and takeaways
Thanks to Varun Dutt for dropping in our laps this fascinating family office report.
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đ¨âđŠâđ§âđŚ Family offices: Asset allocation of ultra-high-net-worth families
đ¤ What are family offices?
Family offices are private wealth management companies that serve 1 or multiple ultra-high-net-worth families.
đŻWho were the family offices surveyed?
Wealth: 70%+ of respondents have a net worth of $1B+
Geography: 57% Americas, 21% EMEA, 22% APAC
Active vs passive: 90%+ have in-house investment management capabilities
đŻ How family offices and Tiger 21 ultra-high-net-worth entrepreneurs are different
Tiger 21 members are generally newer in their wealth preservation journey. They may or may not have family offices.
Family offices are likely to have more assets, multi-generational timelines, full-time investment staff, and greater due diligence skills.
