Generational Wealth Transfer Fuels Global Family Office Expansion

Generational wealth transfer family offices are expanding rapidly as ultra-wealthy heirs and founders shift away from traditional private banks, speakers at the PWM/FT Live Global Wealth Management Summit in London said.

Advisers pointed to declining trust in banks, commission conflicts and stronger demand for transparent, flat-fee advisory structures.

Younger entrepreneurs increasingly seek governance, tax planning, philanthropy and succession services within multi-family office or single-family office platforms.

Multi-family offices are proliferating across Europe and gaining traction in markets such as Turkey, while full-service single-family offices remain best suited to families with several hundred million dollars in assets.

Advisers also highlighted the growing role of family offices as neutral intermediaries in complex generational handovers.