UBS Global Family Office Report 2024

Fraud Alert

Please be aware that the integration of Credit Suisse and UBS creates a unique opportunity for fraudsters to contact our clients purporting to be from our organization or selling fake investment schemes from our entities. This could be a means to get information from our clients or to trick clients into sending money to a new account. Please be vigilant if you are contacted by an unknown party. UBS and Credit Suisse entities will never contact you by email or telephone with new bank account details. Before transferring money or sharing personal details, please contact UBS (or relevant bank) by telephone. If you are already a client, please contact your UBS or Credit Suisse advisor.

Video Player is loading.

Current Time 0:00

Duration 0:00

Loaded: 0%

Stream Type LIVE

Remaining Time 0:00

Download report

Material shifts in asset allocation as portfolio balance returns

Key findings

Family offices carried out some of their biggest shifts in strategic asset allocation in 2023, in a move to rebalance portfolios.
In a shift that may reflect elevated bond yields as much as active decision-making, they lifted allocations to developed market fixed income by the largest amount seen in five years.
Allocations to real estate declined at a time when commercial real estate prices in some regions have been falling. Compared to 2023, fewer family offices expect to make changes in 2024.

Climate change and debt crisis emerge as medium-term risks

Geographical asset allocations set to remain tilted towards North America

Image for Geographical Asset Allocations

Key findings

Family offices have kept their largest regional allocations in North America.
Looking ahead, North America and Asia-Pacific (excluding Greater China) look set to be the top destinations of added allocations, with over a third looking to increase allocations to each of these regions respectively over the next five years.
But there remains a strong home bias, especially in the US followed by Switzerland and Europe.

Confidence increases in active management

With sustainability in focus, family offices seek information and advice

Key findings

For family offices, sustainability is becoming an essential matter of risk and opportunity.
As many perceive climate change becoming a major concern, so they see sustainability as driving risks and opportunities for both their operating businesses and investment portfolios.
As sustainability requirements become more specific, partly driven by regulation in sectors such as real estate, family offices want more sophisticated information and advice.

Family offices focus on being investment specialists first and foremost

Key findings

Rather than carrying out the full gamut of tasks to support families, many family offices concentrate mainly on investments in-house.
Most family offices not only make investment decisions but also execute them. They also focus primarily on financial rather than non-financial risks.
With most family offices employing few staff, it is potentially challenging to do anything more than their core tasks.

Ready to start a conversation?

Get in touch

Skip Links

Fraud Alert

Search Title

Global Family Office Report 2024

Welcome

Executive summary

Key findings

Key findings

Key findings

Key findings

Key findings

Key findings

Ready to start a conversation?