Statistics

Over Half Of Global Family Offices Are In The US - Research

Eliane Chavagnon Reporter 17 April 2013

 Over Half Of Global Family Offices Are In The US - Research

Assets managed by global wealth managers, private banks and family offices amounted to $19.3 trillion at the end of 2012, while total high net worth individual wealth stood at $66 trillion, according to new figures from WealthInsight.  

Meanwhile, there were over 5,000 family offices operating globally, the majority of which were based in the US (where there were 2,900) and Europe. The global 5,000 figure includes 2,700 single family offices managing some $1.7 trillion in assets and 2,300 multi-family offices managing $800 billion in assets.

Of the $19.3 trillion in assets managed by global wealth managers, private banks and family offices, $8.3 trillion was held in offshore centers, the report said.

At the end of 2012, the global family office industry managed $2.5 trillion, accounting for 13 per cent of assets under management in the global wealth management industry ($19.3 trillion) and 3.7 per cent of total global HNW individual wealth ($66 trillion).

Worldwide, private wealth held by individuals (not just wealthy individuals) totaled $195 trillion.  

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