BlackRock has released its 2025 Global Family Office Survey, which revealed that current geopolitical uncertainty is the most important issue for family offices (84 percent) and is a critical factor in their capital allocation decisions.
The survey results also showed that concern around disruptions to trade and the increasing fragmentation in geopolitics turned overall sentiment negative for the first time since the survey began in 2020.
Armando Senra, head of the Americas institutional business for BlackRock, said, “Family offices, globally, entered 2025 with caution — a stance expected to continue through 2026 — as geopolitical tensions, policy shifts and market fragmentation weigh on sentiment. With 60 percent of family offices pessimistic about the global outlook, confidence has been further shaken by new U.S. tariffs. Family offices are now prioritizing diversification, liquidity and structural reassessment of risk as they build resilience in their
