The Global Family Office Report 2023 by Citi Private Bank highlights the main worries of #familyoffices and families. A big concern among families is keeping the value of their assets safe, along with getting the next generation ready and making sure everyone shares the same goals and vision. On the other hand, family offices are mostly worried about inflation, interest rates, and the relations between the US and China. These concerns show a blend of long-term planning and reactions to the current global economic situation.
When it comes to managing their portfolios, the report shows a review and change in how family office assets are distributed. This change is partly a reaction to the concerns mentioned earlier, with the goal of keeping assets safe while still growing them. At the same time, direct investments continue to be a main focus for family offices. Most of the people surveyed are looking for good deals, although some have stopped new direct investments because of the uncertain economic times. Putting these strategies side by side shows a careful approach to managing risks while looking for ways to grow.
The information from the report shows a complicated situation where family offices are trying to keep wealth safe for future generations while adjusting to current economic problems. The mix of changing how assets are distributed, direct investing, and addressing main concerns shows the many different decisions family offices have to make. The strategies they use are aimed at not just getting through the current economic situation, but also getting ready for long-term stability and growth in a fast-changing global economy.
https://www.privatebank.citibank.com/insights/the-family-office-survey