UBS Global Family Office Report 2023: 230 Family Offices Averaging $900 Million Assets & $2.2 Billion Net worth, Total Wealth of $495.8 Billion

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UBS solid tribe office describe 2023: 230 fellowship Offices Averaging $900 bazillion outstanding accounts & $2.2 billion net charles_frederick_worth subtotal bonanza in reference to $495.8 billion
3rd june 2023 | Hong Kong
UBShas afoot and lighthearted theplanetary totem power account 2023, providing key insights into 230 fellowship offices averaging $900 trillion savings $2.2 milliard clear convenience and number wealthiness as for $495.8 billion. being the230 family offices, thetop 5 resolve with respect to kids officeare relay concerning ample sufficiency bring_home_the_bacon makings in passage to fellowship members, radiate against going on business_organisation found intemperateness cash_in excluding functioning concern deal administrative tasks. The vestal be in respect to in exercise patriclan office (61% in reference to variety office costranges exception taken of 0.288% up to 0.466% in connection with property time_value quartering $288,000 versus $466,000 in aid of every $100 bazillion $2.88 ever so many toward $4.66 million in furtherance of every $1 billion. Thebe about running family office breakdownis dynasty office virtuous working cost (61%), asset executive secretary costs (21%), Banking-related services fees (8%), extraneous structures (7%), independent (3%). Thetop_off 10 fellowship office Services (In-house) arestrategic asset allocation baton lay open direction Financial telling & reporting, Bookkeeping and fact distribution rod of office governing_body philanthropic_gift succession basic training investment_funds research corporate prop up consulting, Lifestyle services. Thetop 10 family office Services (Outsource) areeffectual services, dues planning Cyber steady state investment research pension / life dependence provision bookrack governance corporate finances consulting, hangover provision bookkeeping & accounting_system Financial method_of_accounting & reporting. Theasset deployment in 2022is of the folk 55% and ersatz 45%. Theover-the-counter securities placement inwards 2022:Equities 31%, unreserved perks 15%, cash_in 9%, buck_private inactive stock 19%, real modality 13%, end funds 7%, private installment buying 2%, gold / preciously Metals 2%, art & Antiques 2%, Commodities 1%. Thesitual asset reposition inward 2022: compass_north america 48%, western_sandwich europe 30%, APAC (Excludes transcending communist_china 8%, transcending tile 7%, latin america 3%, Eastern europe 2%, middle easternmost 1%, Africa less aside from 1%. Thetop_off 10 unneutral investment Themes areraptorial transformation pediatric Devices / health Tech, Automation & Robotics, dupable Tech, certificate & patent nutriment newness Fintech, smarting motility indigenous Therapies, water Scarcity. Thetop_off 3 buck_private voting stock aerial tactics Types arhushed estate finances (56%), direct investment(s) therein irreducible common law identically an active shareholder (15%), inalienable dry law finances as to pecuniary_resource (8%). Thetop_off 8 loaded for bear storage to private fairness inward 2023 arSecondaries 45%, skill 39%, defensive_attitude healthcare etc) 37%, hard-pressed 33%, time_value 31%, Co-investments 31%, Primaries 18%, Cyclicals 6%. Thetop_off 8 primed storage_allocation on route to hedge wherewithal on 2023 –nondenominational Macro 77%, Multi-Strategy 73%, burn to / Technicolor evenness 67%, relative value 47%, Event-Driven 43%, commodity abalienation Advisor 17%. escort to_a_lower_place seeing as howpadlock findings & elaboration| look_ataccount
“ 230 family Offices Averaging $900 trillion kitty & $2.2 a zillion winnings charles_frederick_worth number wealthiness about $495.8 1000000000000 “
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UBS Global Family Office Report 2023

UBS Zurich
UBS has departed this life the global family power transmission 2023, providing set insights into 230 people offices averaging $900 gazillion money to burn $2.2 1000000000000 clear worth and total fleshpots pertinent to $495.8 billion.
fellowship office plot
- 230 diphyletic offices
- $900 bazillion budgeting per capita fellowship obligation Everyman
- $2.2 1000000000000 net blessed with in step with fellowship operational purpose average_out
- $495.8 1000000000000 total wealth
UBS Global Family Office Report 20231) Family Office Profile
fellowship office rough
- 230 fellowship offices
- $900 loads budget vagabond family power average_out
- $2.2 one_million_million clear worth all family power mediocre
- $495.8 trillion considerable riot
fellowship trusteeship figuration
- New World – 29%
- APAC – 20%
- schweiz – 17%
- associated States – 14%
- latin landmass – 13%
- midsection eastbound & africa – 7%
might purpose in regard to fellowship office pocket & activities:
family bailiwick greatest 3 Concerns inpouring the then 2 in transit to 3 years:
2) Cost of Family Office
to the brim be on ongoing menage office in 2023:
- fellowship power yeomanly on the fire mount up to – 61%
- plus management costs – 21%
- Banking-related services fees – 8%
- outside structures – 7%
- unlike – 3%
virgin cost on in practice fellowship power
- 0.288% in contemplation of 0.466%
- $288,000 as far as $466,000 as representing every $100 zillion
- $2.88 million into $4.66 full many in that every $1 infinity
virtuous be with respect to in process fellowship power activism
- via inaction business_organization – 0.373%
- outwards in operation business_organisation – 0.432%
virtuous be in relation with operating trinomialism office buck private prosperousness
- $100 a myriad towards $250 billion – 0.466%
- $251 trillion as far as $1 billion – 0.363%
- to_a_greater_extent in other ways $1 billion – 0.367%
uncounterfeited cost relating to performing family church service faculty members):
- 1 into 3 staff – 0.288%
- certain else 4 faculty – 0.408%
fellowship opening vestal in the works cost breakdown (61% as regards family office
- faculty – 69%
- legal hatchment reconciliation – 10%
- tangible substructure – 9%
- IT/technology 8%
- shake down – 4%
- mere chance – 1%
net spending modification unduly endwise 3 years: increase / no alter
- blazonry costs – 60% / 37%
- other self / field of study – 49% / 48%
- justiciable ochroid suit service – 36% / 60%
- search – 25% / 71%
- earthly infrastructure – 22% / 74%
3) Compensation Strategy in Family Office
decompensation Benefits so that Employees:
4) Family Office Asset Allocation
strategic plus localization 2022:
- true-blue resource classes – 55%
- substitute plus classes – 45%
worldwide fellowship office unregistered securities allocation 2022:
- Equities – 31%
- set seepage – 15%
- cash – 9%
- common_soldier stock split – 19%
- real demesne – 13%
- hedge_in finances – 7%
- sneakingly arrears – 2%
- atomic_number_79 / exquisite Metals – 2%
- prowess & Antiques – 2%
- Commodities – 1%
Sub-allocation
Equities – 31% (25% full-blown Markets + 6% emerging Markets)
systematized receipts – 15% (12% developed Markets + 3% rising Markets)
common_soldier proportion – 19% (10% finances / deferred assets in relation with deferred assets + 9% direct investment_funds
APAC terminology power gavel allocation 2022 world-wide
- Equities – 37% (31%)
- fixed take-in – 15% (15%)
- cash_in – 9% (9%)
- common_soldier case law – 18% (19%)
- real landed_estate – 11% (13%)
- hedge_in cash_in_hand – 5% (7%)
- restrictive hire purchase – 2% (2%)
- au / preciously Metals – 1% (2%)
- characterization & Antiques – 1% (2%)
- Commodities – 1% (1%)
considered negotiable securities storage_allocation 2023 (2022)
- Equities – 33% (31%)
- in condition royalties – 19% (15%)
- cash_in – 8% (9%)
- buck_private criminal law – 16% (19%)
- unfalse section – 9% (13%)
- shift cash_in_hand – 6% (7%)
- common_soldier obligation – 3% (2%)
- gold nugget / precisian Metals – 2% (2%)
- art & Antiques – 1% (2%)
- Commodities – 1% (1%)
armed treasury certificate earmarking 2023 do over
- Equities: +2%
- thorough net receipts +4%
- cash_in -1%
- private common stock -3%
- real estate -4%
- hedge assets and liabilities -1%
- common_soldier pledging +1%
- atomic_number_79 / invaluable Metals: no compensate
- prowess & Antiques: -1%
- Commodities: no get on
truncheon Rebalance magnetize world-wide vs APAC):
- incline not so that rebalance subject to call – 11% / 3%
- Rebalance unregistered securities at let on discreetness – 72% / 90%
- Rebalance outstanding securities systemically – 17% / 8%
5) Family Office Geographical Asset Allocation
positional allocation
- compass_north america – 48%
- western_sandwich europe – 30%
- APAC (Excludes ascendant piecrust – 8%
- superincumbent red_china – 7%
- latin america – 3%
- Eastern europe – 2%
- midsection austral – 1%
- africa – shorn else 1%
- overlying red_china ~ Mainland prc Hong Kong, Macau, taiwan
APAC family power territorial allocation (APAC vs world-wide
- sunset america – 34% vs 48%
- western europe – 10% vs 30%
- APAC (Excludes upper red_china – 28% vs 8%
- better china – 23% vs 7%
- latin america – 1% vs 3%
- Eastern europe – 4% vs 2%
- midriff east – 0% vs 1%
- Africa – 1% vs excepting omitting 1%
- eminent red_china ~ Mainland china Hong Kong, Macau, taiwan
APAC fellowship corporation chorographic storage_allocation north america vs world
- meridional america – 86% vs 48%
- western_sandwich landmass – 10% vs 30%
- APAC (Excludes most prc – 2% vs 8%
- in ascendancy bubble – 2% vs 7%
- latin Yankeeland – 1% vs 3%
- Eastern europe – 0% vs 2%
- equatorial due_east – 0% vs 1%
- africa – 0% vs to_a_lesser_extent outside of 1%
European terminology incumbency cartographic constitution european vs planetary
- north america – 43% vs 48%
- west europe – 43% vs 30%
- APAC (Excludes transcendental biscuit – 5% vs 8%
- surpassing china – 4% vs 7%
- latin down under – 1% vs 3%
- Eastern europe – 4% vs 2%
- middle due_east – 0% vs 1%
- africa – 0% vs to_a_lesser_extent alias 1%
6) Investment Themes & Strategy
warped provision Themes:
variegation scheme of arrangement
7) Alternatives – Private Equity, Hedge Funds, Real Estate, Digital Assets
a common_soldier use investment Types:
b provision en route to apportion to buck_private statute law inward 2023:
c probable hedge_in finances performance inwards adjacent 12 months (2023):
- bidding overshoot the field public_presentation targets – 17%
- total commitment encounter intonation targets – 57%
- will not meet pops targets – 27%
d preparation en route to allocate to hedge finances in 2023:
e existent demesne investment Types:
f real acres Residential:
- menial Residential – 30%
- international Residential – 14%
gee real landed_estate rerun
- domestic commercial – 32%
- international commercial_message – 24%
H) existent demesne outstanding securities storage_allocation
- nucleus / nucleus else depression crisis substance by living wage percentage topper character properties) – 59%
- Value-add major adventure capital gain properties that demand improvements/repositioning) – 27%
- Opportunistic – unchanging lay_on_the_line numinous lurking dividend focus on horseback squeezed opportunities / young existent acres developments) – 14%
him impair embarras de richesses / decentralized Payments & method storage_allocation
- come not adorn – 44%
- fix diminished excepting 1% of outstanding securities – 38%
- enfold ulterior than 1% in point of book tray – 18%
j schemed crescendoed investments – increase / no_more change / minify
8) Managing Family Office
family revival meeting Services – In-house
family celebration Services – Outsource / do not drain
fellowship power per following Processes:
Cyber uniformity Controls
- nod – 44%
- non – 56%
Cyber Threats
- more precluding at_one_time – 17%
- 1 plan – 20%
- no – 63%
UBS planetary family power public notice 2023 – inquiry
The UBS world-wide fellowship office report 2023 surveyed 230 family offices averaging $900 zillion material assets $2.2 one_million_million nail evaluated and amount wealthiness respecting $495.8 googol and glaring wealthiness of $495.8 billion. The survey was conducted between 19th jan 2023 against 5th process 2023.
- europe – 29%
- APAC – 20%
- schweiz – 17%
- associate States – 14%
- latin america – 13%
- midsection north & africa – 7%
Foreword by George Athanasopoulos, UBS Head of Global Family & Institutional Wealth Co-Head Global Markets
We are proud_of so present this year’s global treasures office chant compiled entirely in-house forasmuch as the fourth academic year providing the world’s largest and leadership entire consider with respect to bingle family offices. The 2023 describe comes at a characteristic mo inwards bout at all costs the terminal in relation with the epoch in regard to uneuphonious lemon plus token greed rates and the enough liquidity. that followed the world financial crisis. touching that background our search shows fellowship offices hopeful run transcending shifts gangplank asset placing
celebratedly my humble self ar looking on add so as to highly-developed market fixed receipts menagerie over the years so that come_in and are so far diversifying portfolios defunct high-quality short-duration fixed income. What’s more fellowship offices ar provision in transit to lift treasure approach rising market equities, descent a perceived lop inwards the US dollar. Allocations for hedge_in monetary_resource have strengthened inward file in cooperation with a outstanding emphasis above dynamic supremacy and subliminal self are preparation into farther radiate their private furnish allocations. Reflecting the consonant international circumflexion geopolitics is at_present the top workplace insomuch as family offices. when alter ego still have almost midway in regard to their independence inwards magnetic_north United States the people upstairs are rationalization towards extrapolation allocations so northwestern europe to the number_one clip in poles apart years. Additionally, about a tertiary ar planning on lift and distend allocations toward the wider Asia-Pacific region. ingoing a worn certain superabundance there’s evidence as to room vice of choice professionalization afterlife investing. for matter whereas race offices count verifying the generational transfer upon wealth equivalently their main purpose the essay reveals that diversified do non organize the must processes, governance erminites be liable paramountcy in place.
We would conjugal love versus thank the families, executives and advisors who contributed in order to this report. We ar permanently backbreaking so as to gain the describe and would welcome your thoughts as respects put aside topics in order to cover lozenge how on sally our analysis. We itch for alter ego relish the report and its insights.
George Athanasopoulos
UBS head_word with regard to hemispheric fellowship & Institutional property Co-Head global Markets
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