The Rise of Fam­i­ly Offices in a Chang­ing Glob­al Landscape

Fam­i­ly offices have become a cen­tral part of mod­ern wealth man­age­ment, expe­ri­enc­ing rapid growth as ultra-high-net-worth indi­vid­u­als (UHN­WIs) seek per­son­al­ized, flex­i­ble, and long-term invest­ment solu­tions. Once focused sole­ly on pre­serv­ing wealth for future gen­er­a­tions, fam­i­ly offices are now expand­ing into alter­na­tive invest­ments like pri­vate equi­ty, real estate, ven­ture cap­i­tal, and more. This growth is dri­ven by ris­ing glob­al wealth, with fam­i­ly offices now con­trol­ling tril­lions in assets.

This paper explores the grow­ing role of fam­i­ly offices and how Chi­ron Finan­cial part­ners with them to nav­i­gate com­plex invest­ment land­scapes, raise cap­i­tal, and access exclu­sive opportunities.

Under­stand­ing Fam­i­ly Offices: Growth and Opportunity

What is a Fam­i­ly Office?

Fam­i­ly offices are pri­vate wealth man­age­ment firms cre­at­ed to man­age the assets of UHN­WIs. They focus on both liq­uid and non-liq­uid assets, uti­liz­ing pro­fes­sion­al invest­ment teams to deploy cap­i­tal across a diverse range of sec­tors. For this paper, we focus on fam­i­ly offices man­ag­ing at least $100 mil­lion in assets, with ded­i­cat­ed teams for invest­ment strat­e­gy and operations.

Explo­sive Growth and Expansion

Fam­i­ly offices have seen remark­able growth. Accord­ing to Deloitte, the num­ber of fam­i­ly offices has increased by 31% from 2019 to 2024, with pro­jec­tions sug­gest­ing a 75% growth by 2030. Fam­i­ly offices now con­trol over $3 tril­lion in assets, a fig­ure expect­ed to rise to $5.4 tril­lion by 2030.

Growth of Fam­i­ly Offices by Region (2019−2030) Actu­al and Pro­ject­ed Trends

• 8,000 sin­gle-fam­i­ly offices glob­al­ly as of 2024 (Deloitte).
• $3.1 tril­lion in assets under man­age­ment (AUM), pro­ject­ed to reach $5.4 tril­lion by 2030.
• 31% growth in fam­i­ly offices from 2019 to 2024.
• 68% of fam­i­ly offices were estab­lished since 2000, high­light­ing new wealth generation.

The Glob­al Influ­ence of Fam­i­ly Offices

Region­al Distribution

Fam­i­ly offices are flour­ish­ing in North Amer­i­ca, Asia Pacif­ic, and Europe. As of 2024, North Amer­i­ca leads with 3,180 fam­i­ly offices, fol­lowed by Asia Pacif­ic (2,290) and Europe (2,020). In Switzer­land alone, over 250 sin­gle-fam­i­ly offices man­age near­ly 600 bil­lion Swiss francs.

Diver­si­fi­ca­tion Beyond Tra­di­tion­al Assets

Fam­i­ly offices are increas­ing­ly diver­si­fy­ing their port­fo­lios beyond tra­di­tion­al invest­ments. The rise in new wealth gen­er­a­tion, par­tic­u­lar­ly in emerg­ing mar­kets, has pushed fam­i­ly offices to seek more inno­v­a­tive, high­er-yield­ing invest­ments such as pri­vate equi­ty and ven­ture capital.

The Con­fi­den­tial and Rela­tion­ship-Dri­ven Nature of Fam­i­ly Offices

Dis­cre­tion and Trust

Fam­i­ly offices are known for their dis­cre­tion and selec­tive­ness. They oper­ate large­ly through per­son­al con­nec­tions and trust­ed refer­rals, often avoid­ing direct out­reach from unfa­mil­iar par­ties. Trust and con­fi­den­tial­i­ty are para­mount in all dealings.

Chiron’s Trust­ed Expertise

Chi­ron Finan­cial has built long-term rela­tion­ships with fam­i­ly offices, pro­vid­ing cus­tomized solu­tions while respect­ing the need for pri­va­cy and con­fi­den­tial­i­ty. We deliv­er val­ue through a net­work of trust­ed part­ners, ensur­ing that all engage­ments are han­dled with the high­est lev­el of professionalism.

Reg­u­la­to­ry Land­scape for Fam­i­ly Offices

Reg­u­la­to­ry Scruti­ny on Fam­i­ly Offices

• Fam­i­ly offices oper­ate in a rel­a­tive­ly unreg­u­lat­ed envi­ron­ment com­pared to tra­di­tion­al finan­cial insti­tu­tions. How­ev­er, as their role in the finan­cial ecosys­tem grows, there is increas­ing scruti­ny, espe­cial­ly regard­ing anti-mon­ey laun­der­ing (AML), tax report­ing, and cross-bor­der investments.

Nav­i­gat­ing Com­plex Regulations

• Chi­ron Finan­cial ensures that all trans­ac­tions com­ply with rel­e­vant reg­u­la­tions, offer­ing trans­paren­cy while pro­tect­ing fam­i­ly offices from poten­tial legal and finan­cial risks. We nav­i­gate the com­plex­i­ties of inter­na­tion­al reg­u­la­tions to safe­guard fam­i­ly offices in an evolv­ing finan­cial landscape.

Reg­u­la­to­ry Scruti­ny on Fam­i­ly Offices

• Fam­i­ly offices have tra­di­tion­al­ly oper­at­ed with lim­it­ed reg­u­la­to­ry over­sight, but increas­ing glob­al scruti­ny is reshap­ing their com­pli­ance land­scape, par­tic­u­lar­ly in Anti-Mon­ey Laun­der­ing (AML), tax report­ing, and cross-bor­der investments.

Dodd-Frank Act & Fam­i­ly Office Rule

• The U.S. Secu­ri­ties and Exchange Com­mis­sion (SEC) exempts sin­gle-fam­i­ly offices from invest­ment advis­er reg­is­tra­tion under the Invest­ment Advis­ers Act of 1940, but broad­er finan­cial reg­u­la­tions, includ­ing anti-fraud and trans­paren­cy mea­sures, still apply.

Cor­po­rate Trans­paren­cy Act (CTA)

• Requires dis­clo­sure of ben­e­fi­cial own­er­ship infor­ma­tion to the Finan­cial Crimes Enforce­ment Net­work (Fin­CEN) to com­bat illic­it finan­cial activ­i­ties. How­ev­er, legal chal­lenges have delayed enforcement.

Anti-Mon­ey Laun­der­ing (AML) Enforcement

• A recent con­vic­tion of a Mia­mi real estate bro­ker for laun­der­ing funds for Russ­ian oli­garchs high­lights stricter enforce­ment efforts, par­tic­u­lar­ly tar­get­ing high-val­ue trans­ac­tions and polit­i­cal­ly exposed persons.

Inter­na­tion­al Compliance

• The Orga­ni­za­tion for Eco­nom­ic Co-oper­a­tion and Devel­op­ment (OECD)’s Com­mon Report­ing Stan­dard (CRS), the Euro­pean Union’s Anti-Mon­ey Laun­der­ing Direc­tives (AMLD), and China’s For­eign Invest­ment Law are impos­ing increas­ing oblig­a­tions on cross-bor­der fam­i­ly office oper­a­tions, requir­ing enhanced trans­paren­cy and due diligence.

As glob­al reg­u­la­to­ry scruti­ny inten­si­fies, fam­i­ly offices must proac­tive­ly strength­en their com­pli­ance frame­works to address these evolv­ing risks.

The Need for Exter­nal Exper­tise: Con­sul­tants and Advisors

Exter­nal Support

While fam­i­ly offices often rely on a small, lean inter­nal team, they fre­quent­ly engage exter­nal con­sul­tants for spe­cial­ized advice. These include tax advi­sors, legal experts, and finan­cial con­sul­tants who offer tai­lored solu­tions for both liq­uid and non-liq­uid assets.

Chiron’s Spe­cial­ized Role

Chi­ron Finan­cial spe­cial­izes in non-liq­uid asset man­age­ment, focus­ing on com­plex busi­ness ven­tures and direct invest­ments. We lever­age our exten­sive net­work of part­ners — rang­ing from lawyers and tax spe­cial­ists to pri­vate equi­ty firms — to help fam­i­ly offices man­age their unique wealth challenges.

Chi­ron Financial’s Role in Sup­port­ing Fam­i­ly Offices

Chi­ron Finan­cial col­lab­o­rates with fam­i­ly offices to unlock unique invest­ment oppor­tu­ni­ties and pro­vide expert advi­so­ry ser­vices tai­lored to their com­plex needs. Here’s how we work with fam­i­ly offices:

Cap­i­tal Raising

Fam­i­ly offices often require exter­nal sup­port when rais­ing cap­i­tal for large ven­tures or projects. Chi­ron Finan­cial assists with:

• Struc­tur­ing cap­i­tal rais­es to opti­mize fund­ing strategies.
• Pro­vid­ing access to insti­tu­tion­al investors, ven­ture cap­i­tal, and pri­vate equi­ty sources.
• Exper­tise in equi­ty offer­ings, debt issuance, and oth­er fundrais­ing methods.

Merg­ers & Acqui­si­tions (M&A) Advisory

Many fam­i­ly offices invest in or hold stakes in pri­vate com­pa­nies. Chi­ron Finan­cial sup­ports fam­i­ly offices through­out the M&A process by:

• Iden­ti­fy­ing poten­tial acqui­si­tion tar­gets or buyers.
• Valu­ing busi­ness­es and assets for fair pricing.
• Nego­ti­at­ing and man­ag­ing trans­ac­tions to pro­tect the fam­i­ly office’s interests.

Pri­vate Place­ments & Direct Investments

Many fam­i­ly offices invest in or hold stakes in pri­vate com­pa­nies. Chi­ron Finan­cial sup­ports fam­i­ly offices through­out the M&A process by:

• Access to exclu­sive pri­vate place­ment opportunities.
• Sup­port with due dili­gence to ensure trans­paren­cy and mit­i­gate risk.
• Tai­lored invest­ment oppor­tu­ni­ties not avail­able on the broad­er market.

The Future of Fam­i­ly Offices and Chi­ron Finan­cials’ Role

As fam­i­ly offices con­tin­ue to grow and evolve, they face increas­ing­ly com­plex finan­cial land­scapes. Chi­ron Finan­cial is unique­ly posi­tioned to sup­port fam­i­ly offices with cap­i­tal rais­ing, M&A advi­so­ry, and direct invest­ment oppor­tu­ni­ties. Our exper­tise in struc­tur­ing deals, facil­i­tat­ing due dili­gence, and access­ing exclu­sive oppor­tu­ni­ties ensures that fam­i­ly offices can achieve their finan­cial objectives.

In addi­tion to sup­port­ing fam­i­ly offices direct­ly, we pro­vide strate­gic finan­cial advi­so­ry ser­vices to their port­fo­lio com­pa­nies — whether for growth ini­tia­tives, refi­nanc­ing, restruc­tur­ing, or facil­i­tat­ing suc­cess­ful exits through M&A.

With a deep under­stand­ing of the fam­i­ly office sec­tor, a vast net­work of trust­ed part­ners, and a com­mit­ment to con­fi­den­tial­i­ty and eth­i­cal stan­dards, Chi­ron Finan­cial is the ide­al part­ner to nav­i­gate the future of wealth man­age­ment. To explore how Chi­ron Finan­cial can raise cap­i­tal, assist your fam­i­ly office with tai­lored invest­ment strate­gies, and unlock exclu­sive oppor­tu­ni­ties, con­tact us today for a per­son­al­ized consultation.