September 24, 2024
In the world of wealth management, family offices represent the pinnacle of personalized wealth management for ultra-high-net-worth individuals and their families. These premier advisory entities surpass traditional financial offerings, providing a bespoke management strategy for substantial wealth.
Not to mention that family offices are rapidly gaining attention. These specialized entities, particularly multi-family offices, are experiencing rapid growth, reflecting the increasing demand for personalized financial management solutions.
Dakota Marketplace emerges as a pivotal solution in this context as it is a complete database of accounts and contacts across all channels globally and internationally that sheds light to family offices. Our platform is uniquely positioned to bridge the gap between investment firms and family offices, facilitating direct contact information and engagement with both US and international family offices.
In this article, we are reviewing the growth of family offices within the last decade. By the end of reading this, you’ll have a better understanding of the efforts Dakota Marketplace is putting forth in order to supply fundraisers with access to family offices.
The growth of family offices, particularly multi-family offices, is a significant trend reshaping the wealth management industry. According to recent data from WorldMetrics.Org, the number of multi-family offices in the United States has increased by 30% over the past five years. This rapid expansion reflects the increasing demand for bespoke financial management solutions tailored to the unique needs of ultra-high-net-worth families.
Not to mention, globally the family office channel has also seen substantial growth. In recent data from WorldMetrics.Org, the number of family offices worldwide has increased by an impressive 38% since 2017. This global expansion underscores the rising prominence of family offices as essential players in managing and preserving wealth across generations.
At Dakota, we recognize the importance of these trends and have actively responded by expanding our database to include a growing number of family offices. Our platform empowers investment firms to tap into this expanding network, facilitating meaningful connections and unlocking new opportunities in a rapidly changing landscape.
As you know, investment sales is hard; fundraising is hard. Our mission at Dakota since 2019 has been to make the lives of investment sales professionals easier.
At Dakota, we recognize the growing significance of family offices and the unique opportunities they present for investment sales professionals. Our commitment to supporting this emerging channel is reflected in our ongoing efforts to expand our database, adding a substantial number of family offices to our platform. Since January 2024, we have added over 1,000 family offices to the platform and continue to maintain data on over 4,000 single and multi-family offices.
See the preview below for insights into 50 we have added:
This expansion is about more than just numbers, it’s about empowering investment firms with the right contacts at the right firms. By offering direct access to decision-makers, Dakota Marketplace helps streamline the fundraising process, enabling firms to establish meaningful relationships and unlock new opportunities.
We are seeing family offices become increasingly central to the strategies of investment firms. Their growth and expanding influence offer new avenues for meaningful investment opportunities for fundraisers, but also present unique challenges due to their private and often discrete nature.
Dakota Marketplace is not just about simplifying the search for family offices; it's about transforming the approach to investment sales and relationship building in the family office domain. Through enabling direct and effective calling strategies on family offices, we empower investment firms to unlock new opportunities, ensuring a targeted and efficient outreach.
We continue to provide investment sales professionals with the resources they need to effectively connect with these influential entities. Our commitment to enhancing the platform ensures that our Marketplace Members are equipped with the most accurate and up-to-date information, enabling them to streamline their fundraising efforts and forge lasting relationships in this dynamic sector.
To view more information on family offices, book a demo of Dakota Marketplace!
Morgan Holycross is a Marketing Manager at Dakota.
