Family Offices Come Into the Light

Welcome to A Finance Minute.

Each Thursday we delve into the fascinating and often perplexing world of finance, next-gen financial planning, the rise of Family Offices, and tried and true advice to motivate women in the industry. 

A Finance Minute will provide you with key insights for investing and navigating the latest financial trends in a minute flat. 

So let’s not waste another second! 

Family offices (FOs) are powerhouses of wealth, civilization shapers, and philanthropic spearheads whose profound impact is swiftly coming into the light. Their practice of impact investing increasingly contributes to cultural change and economic growth. 

Ranging from smaller entities worth $10 million to billions, FOs long-duration capital offers keen acumen into the art of lasting wealth and transformative investments. 

Even in the face of economic slowdown, the last two years have revealed remarkable developments, pointing towards a prosperous future for Family Offices.

The 2023 Global Family Office Compensation Benchmark Report found that 41% of Family Offices expanded the size of their teams last year and a further 40% plan on hiring in 2023. Additionally, 58% received an uplift in their salary in 2022.

This is no abrupt step up the ladder because FOs have been and always will be in it for the long game.

Reshaping the global economic landscape, FOs fuel pioneering ventures and exert substantial influence in shaping investment trends, social progress, and transformative cultural change, further impacting their legacies. 

But that is just the tip of the iceberg. 

Next week we will dive even deeper into the flourishing world of Family Offices.