Family Offices Market Size Study, By Type, Application, And Regional Forecasts 2023-2028
January 20, 2023 ⚊ 1 Min read ⚊ Views 66 ⚊ BUSINESSThe Family Offices Market attained a value of USD 87.18 billion in 2022. Aided by the growing number of wealthy families, the market is projected to further grow at a CAGR of 7.5% between 2023 and 2028 to reach a value of USD 133.60 billion by 2028.
Family offices refer to private wealth management advising companies that are designed to manage the private wealth of families. They are not positioned as public investment advisors, but only offer financial advice to family members, and are entirely owned and managed by family members.
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