Deloitte: Number of Family Offices to Grow 75% by 2030

A new report from Deloitte Private estimates that the number of family offices worldwide will have increased 75% in just over a decade by 2030. Deloitte estimates there are 8,030 family offices globally in 2024, up from 6,130 in 2019. This figure is projected to reach 10,720 by 2030, a 75% increase from 2019.

The growth of family offices is closely linked to the rise in global family wealth. Deloitte’s report estimates that families with family offices represent total wealth of $5.5T, up from $3.3T in 2019. This figure is expected to climb 189% to $9.5T by 2030. Family offices’ assets under management (AUM) are also expected to rise by 73%, from $3.1T today to $5.4T in 2030.

Regionally, North America continues to lead with 3,180 family offices, but Asia Pacific is gaining momentum, now surpassing Europe in the number of family offices (2,290 vs. 2,020). North America is expected to nearly double its family offices by 2030, while Asia Pacific is forecasted to experience the fastest growth.

Estimated Number of Family Offices

Source: Deloitte

Deloitte says this surge in the number of family offices reflects broader trends in wealth accumulation, generational wealth transfers, and the growing sophistication of family office structures.

The full report can be viewed here: https://www.deloitte.com/global/en/services/deloitte-private/about/defining-the-family-office-landscape.html

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!