About the report

Massive familial wealth is about to change hands in the coming decades. To accommodate the younger generations of investors, family offices will need to rethink their operations and investment strategies by adding more alternatives to the asset mix.

Key highlights

A major shift in investing power

Over the next two decades, households in the US alone are expected to pass down around $105 trillion to the younger generations, according to asset management consultancy Cerulli. High and ultra-networth households are estimated to account for around half of the redistributed wealth.

Families are critically underprepared

Despite the unprecedented shift in wealth and its expected implications, many family offices are heading toward this transfer without a concrete plan or direction. This is true even among the most affluent.

Family offices can thrive, but they will need to adjust

More than ever, family offices will be pivotal in ensuring a smooth transition of familial wealth. However, to support millennial clients with their distinct investment preferences and goals, family offices will first need to rethink their own strategies of managing wealth, as well as modernise the educational and advisory capabilities.

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