The number of family offices worldwide has risen by 38 percent over the past two years, according to advisory group Campden Wealth, with the firms overseeing assets valued at $5.9 trillion.
There are 7,300 single-family offices worldwide, up a significant 38 percent from 2017. The largest proportion of those 7,300 family offices were based in North America (42 percent or 3,100 offices), followed by Europe (32 percent or 2,300 offices), Asia Pacific (18 percent or 1,300 offices) and the emerging markets of South America, Africa and the Middle East (8 percent or 600 offices).
The most common asset class families invest in was equities, followed by private equity and real estate. Those three asset classes accounted for more than two-thirds (67 percent) of the average family office portfolio.
