Family Office 2024 GLOBAL FAMILY OFFICE REPORT

Family offices seek simplicity, flexibility, ability to adapt

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J.P. Morgan Private Bank’s report reveals the challenges family offices around the globe face today. Grappling with complexities, many look for ways to become more effective, nimble and adaptable.

190

single family office clients surveyed globally

$1.4B

average net worth of the families surveyed

48

geographies around the world represented

Our participants responded to questions across a wide range of topics: from size and functions to investment management and governance, to costs and staffing needs.

Source: 2024 J.P. Morgan Private Bank Family Office Report

Asset allocation trends

The average portfolio targets a return of about 11%, and maintains a 45% allocation to alternative investments, including private equity, real estate, venture capital and hedge funds.

Read more about investments

Operating costs

Our respondents report spending an average of $3.2 million annually to run their family offices, with recruiting and retaining talent a primary focus.

Read more on costs and talent

Rising generations

Succession planning, family governance and preparing the rising generation are priorities for family offices. But many are falling behind in tackling these difficult, yet unavoidable, issues. Why?

Read more on governance

J.P. Morgan Private Bank offers a range of family office solutions shaped around your needs and goals.

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