Family offices are expanding the number of offices they have around the world as family members are increasingly moving to new countries, according to new global research from Ocorian, a global provider of services for asset managers and owners, including private client, fund administration, capital markets, corporate and regulatory solutions.
But increasing diversification and sophistication of investment portfolios also is driving the need to open more offices, as well as plans to reduce geopolitical risks such as changes in governments or the outbreak of war.
Ocorian’s study among family members, senior family office employees and intermediaries working for family offices with total wealth of $68.26 billion found 60 percent say their family office has opened more offices in different jurisdictions throughout the past five years.
Around 40 percent questioned said their family office has four or more physical offices, while 55 percent of those questioned have
