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New trends revealed in Global Family Office Report 2017

By Alexandra Newlove

The countdown is on until the release of the world's most comprehensive piece of family office research.

On 12 September Campden Wealth, in partnership with UBS, will launch the Global Family Office Report 2017 (GFO)—a study of 262 family offices from across the globe with an average $921 million assets under management.

Campden Wealth chief executive Dominic Samuelson said he was looking forward to the launch of the fourth edition of the GFO.

“As ever, the Global Family Office Report remains the only piece of research of its kind. It allows family offices to benchmark themselves against, and understand, their peers' progress,” Samuelson said.

Over the last four years the GFO has focused on the investments, performance, purpose, costs and philanthropic efforts of family offices. Samuelson said this year, it had gone even deeper with family office executives being asked which new areas they would like to see explored.

“This has meant a new focus on the next generation's engagement with the family office, as well as the challenges of co-investing. We have also expanded our research on the flourishing trend of impact investing.”

The 2016 report showed the main concerns for family offices were growing cost consciousness and a sharp drop in returns. It also looked at impact investing, cyber security, and human capital for the first time.

Dr Rebecca Gooch, director of research at Campden Wealth, said she was excited to release the 2017 analysis. On top of analysing the data from 262 surveys, her research team carried out 25 in-depth interviews with family office principles, executives and advisers.

“The GFO is the culmination of 12 months' work, engaging hundreds of family offices around the world, gathering and analysing data and putting together the 80-page document. All to gain insight into one of the most discreet but fast-growing wealth sectors.”

Campden Wealth estimates there are 5,300 family offices in existence globally—including single family offices and private multi-family offices.

A family office is, in its simplest form, the private office for a family of significant wealth. The number of staff working in the office can vary from one or two employees, to 100 or more staff, depending on the type and number of services it provides.

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