Family offices are diversifying their investment portfolios, with nearly 80 percent working with external investment advisers. Notably, the average portfolio currently has a 45 percent allocation to alternative assets, targeting an 11 percent return. Private equity is the most commonly held asset class at 86 percent, and infrastructure is the least commonly held at 9 percent, according to J.P. Morgan Private Bank in its Global Family Office Report.
J.P. Morgan conducted an online survey from October through December 2023 among 190 family offices
