Analysts say baby boomers will be handing off almost $90 trillion to their heirs. That’s an unprecedented amount of assets and FOs may be in the best position to offer the personalized service and keen insights boomers need.

Increasingly many Family Offices have emerged as strategic entrepreneurial partners, helping to fund founders hoping to gain footing in the market.

Financial advisors have been bracing for the so-called “great wealth transfer”. But just how much Boomers will be passing on to their Gen X, Millennials, Gen Z and Gen Alpha heirs is open for debate.

Businesses in the financial services sector have an abundance of sensitive data and high-dollar balances, they have been hit especially hard by cybercriminals.

Within about 5 years, there could be as many as 11,000 family offices (FOs) operating around the globe. This represents a 33% bump in the volume of FOs doing business. Find out what’s driving this expansion.

A recent study confirms the growing popularity of alternative assets among high-net-worth Family Office clients.

According to a slew of news reports, family offices — private wealth management firms specializing in serving high-net-worth investors — are not only investing heavily in artificial intelligence (AI) and blockchain technology, many are incorporating these cutting-edge technologies into their own practices to improve efficiencies.

Worldwide, there are now approximately 8,030 family offices doing business, and he number of firms could go as high as 10,700 by 2030. Almost half (nearly 4,200) will operate in North America alone.