How many family offices are there in Europe?
By the end of Q2 2019, there were 7,300 family offices worldwide, including 2,300 in Europe, with the average office managing assets of around $917 million.
How many single family offices are in Europe?
The list includes 707 single family offices, thereof 521 with E-Mail address, 573 with executive names.
How many family offices exist?
Credit Suisse estimates that between 6,500 and 10,500 family offices exist globally.
Which country has the most family offices?
Switzerland
A breakdown of the 400 shows the UK has the most number, with 69 based there, followed by Switzerland, with 55. Germany has 49 and France 32. The Nordic region is one of the most dynamic when it comes to a thriving family office ecosystem, with 88 based in the region.
How many family offices are there in Germany?
Family office lists According to official estimates, about 500-700 single family offices exist in Germany.
How much money do family offices manage?
A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with over $100 million in investable assets, with the goal being to effectively grow and transfer wealth across generations.
How much wealth should a family office have?
Hale says that in the context of Australia, he believes that to set up a dedicated family office, about $100 million of investable capital is the minimum threshold. That is an investment portfolio size, not a net wealth figure.
How much wealth is in family offices?
A family office can cost over $1 million a year to operate, so the family’s net worth usually exceeds $100 million in investable assets. Some family offices accept investments from people who are not members of the owning family.
How many family offices are there in Switzerland?
It is estimated that there are 70 single family offices and 400 multi- family offices, and it is expected that the number of family offices will continue to grow.
Are family offices regulated in Switzerland?
In Switzerland, there is no general requirement for family offices to be authorised. The need to obtain an authorisation and to comply with further regulations depends on the services that the entity at issue intends to offer. Typically, family offices effect payments for the principal or administer his or her assets.