Inflation and the possibility of recession were the top greatest concerns for respondents in a survey conducted by Northern Trust and the Wharton Global Family Alliance. Wharton GFA’s sixth benchmarking survey of family offices highlights best practices, trends and financial performance drivers of family offices.
When asked about their greatest concerns, family-office respondents cited inflation (24 percent), the possibility of recession (18 percent) and geopolitical risk (17 percent) as top of mind. While these concerns are not surprising given the current environment, they all result in increased market volatility.
Faced with vast geopolitical and economic uncertainty and complex family dynamics, the survey found that family offices are returning to a focus on core principles: making sure they have the right investing and governance plans, and the best strategies to fulfil the family’s long-term goals, including:
How family offices are responding to