Skip navigation links

Global Family Office Report 2023

How are some of the world’s most sophisticated family offices thinking and acting?

Our survey included over 40 questions on the investment sentiment, portfolio actions and family office operations of our clients in 2023.

 

 

 

The 2023 family office survey saw 268 respondents from leading family offices worldwide, representing a total of $565 billion in wealth.

We believe this is the most comprehensive survey of its kind, offering unique insights into the global challenges and opportunities family offices face today.

Key insights from our Global Family Office Report

How have family office portfolio positions changed in the last year?

Over half reported increasing fixed income allocations, 38% upped private equity allocations, while 38% cut public equity allocations.

Find out more about How have family office portfolio positions changed in the last year?

What were family offices’ and families’ concerns?

The top family concerns were preserving asset values, preparing the next generation, and ensuring shared goals and vision. Family offices were most concerned about inflation, interest rates and US-China relations.

Find out more about What were family offices’ and families’ concerns?

How are family office portfolios performing?

Amid rising asset prices in the first half of 2023, two-thirds of respondents saw mark-to-market portfolio increases. In addition, nearly all respondents were expecting positive portfolio returns over the year ahead.

Find out more about How are family office portfolios performing?

How are family offices allocating their portfolios?

Family office asset allocations are starting to reflect tactical and strategic reassessments.

Find out more about How are family offices allocating their portfolios?

Are family offices still interested in direct investing?

Direct investments remain strongly in focus, with the majority of respondents seeking opportunistic deals, though some have paused new direct investments due to economic uncertainty.

Find out more about Are family offices still interested in direct investing?

Are family offices investing sustainably?

While the gap between intention and action on sustainable investments remains large, it is starting to narrow, driven by growing sustainability concerns and a broadening range of themes and instruments

Find out more about Are family offices investing sustainably?

What are family offices’ primary focuses?

Family offices have shifted their focus toward wealth management and investment management. This comes at the expense of fostering family unity and continuity.

Find out more about What are family offices’ primary focuses?

Are family offices professionalizing?

With the most rapid progress in the investment function, family office activities beyond investing are taking longer to professionalize.

Find out more about Are family offices professionalizing?

What are the top challenges facing family offices?

Adapting to changing market conditions (52%) and meeting the needs and expectations of family members (50%) were the two top challenges reported.

Find out more about What are the top challenges facing family offices?

What causes are family offices focused on and how are upcoming generations playing a role?

While the philanthropic focus has yet to adapt to reflect the priorities of the rising generation, families are increasingly aware that a generational philanthropic transition is coming.

Find out more about What causes are family offices focused on and how are upcoming generations playing a role?

Contact us

Contact us

Speak to our team to review your family offices' holdings in comparison to the survey results.

Are you an existing Private Bank client?

Are you an existing client?

What profile best describes you?

Please fill out the form, so we can contact you.

I consent to the use of my personal information (name, telephone number and email address) by Citi Private Bank for the purpose of contacting me to send me marketing information about Citi Private Bank's wealth management products and services. I understand that my information will be used in accordance with the relevant  privacy statement for my location. I also understand I can withdraw this consent to be contacted by phone by emailing donotcall@citi.com, or email by visiting the email preference center at any time.

Please consent to the terms and conditions to continue

Online privacy notice

I would like to discuss an investment (USD) of

I would like to discuss an investment (USD) of

I would like to discuss an investment (USD) of

Thank you for your interest in Citi Private Bank.

Our services have a minimum investment level of $5 million.

Based on the information provided, we believe that a Citigold relationship may be most appropriate for your needs.

To find out more: Visit Citigold

Thank you for your interest in Citi Private Bank.

Our services have a minimum investment level of $5 million.

Based on the information provided, we believe that a Citigold relationship may be most appropriate for your needs.

To find out more: Visit Citigold

I am interested in

Aircraft Finance
Art Advisory & Finance
Banking
Custody
Family office
Investments
inerested_in
Lending
Real Estate
Trust

Please select at least one.

I am interested in

Aircraft Finance
Art Advisory & Finance
Banking
Custody
Family office
Investments
Law Firm
Lending
Real Estate
Trust

Please select at least one.

Job title & Company

Job title & Company

Location

Location

How would you like us to contact you?

How would you like us to contact you?

Please enter your contact details

Please enter your contact details

How did you hear about us?

Please select one of the above options

How can we help you?

I consent to the use of my personal information (name, telephone number and email address) by Citi Private Bank for the purpose of contacting me to send me marketing information about Citi Private Bank's wealth management products and services. I understand that my information will be used in accordance with the relevant privacy statement for my location. I also understand I can withdraw this consent to be contacted by phone by emailing donotcall@citi.com, or email by visiting the email preference center at any time.

Please consent to the terms and conditions to continue

Online privacy notice

How did you hear about us?

Please select one of the above options

How can we help you?

I consent to the use of my personal information (name, telephone number and email address) by Citi Private Bank for the purpose of contacting me to send me marketing information about Citi Private Bank's wealth management products and services. I understand that my information will be used in accordance with the relevant privacy statement for my location. I also understand I can withdraw this consent to be contacted by phone by emailing donotcall@citi.com, or email by visiting the email preference center at any time.

Please consent to the terms and conditions to continue

Online privacy notice

Thank you for your interest in Citi Private Bank. A member of our team will be in touch with you shortly.

Citi Private Bank is dedicated to helping dynamic individuals and their families preserve and grow their wealth. Our clients include some of the world’s leading entrepreneurs, executives, investors and their family offices. We provide customized private banking that crosses borders, including some sophisticated services usually reserved for major global institutions.

INVESTMENT PRODUCTS: NOT FDIC INSURED. NOT CDIC INSURED. NOT GOVERNMENT INSURED. NO BANK GUARANTEE. MAY LOSE VALUE.

Citi Private Bank is a business of Citigroup Inc. ("Citigroup"), which provides its clients access to a broad array of products and services available through bank and non-bank affiliates of Citigroup. Not all products and services are provided by all affiliates or are available at all locations. In the U.S., investment products and services are provided by Citigroup Global Markets Inc. "CGMI"), member FINRA and SIPC, and Citi Private Alternatives, LLC ("CPA"), member of FINRA and SIPC and Citi Global Alternatives, LLC (“CGA”). CGMI accounts are carried by Pershing LLC, member FINRA, NYSE, SIPC. CGMI, CPA, CGA and Citibank, N.A. are affiliated companies under the common control of Citigroup.

Outside the U.S., investment products and services are provided by other Citigroup affiliates. Investment Management services (including portfolio management) are available through CGMI, CGA, Citibank, N.A. and other affiliated advisory businesses. Neither Citigroup nor any of its affiliates provides tax or legal advice.

Notice at Collection | Do Not Sell or Share My Personal Information | Tax Compliance & Regulatory Info | CGMI Financial statement | PSD2 API | MAS Electronic Payments Guidelines | Accessibility | Important disclosure | Terms & Conditions  | The Sustainable Finance Disclosure Regulation | APAC Banking Service Charges and Call Deposit Rate | Citibank, N.A. Hong Kong / Singapore Branch Environmental Risk Management Disclosure for Discretionary Asset Management

To learn about CGMI and Citi Private Alternatives and Citi Global Alternatives investment business, as well as our relationship with you, please review our  Form Client Relationship Summary.

© 2016 - 2024 Citigroup Inc.