Single-family offices in Asia forecast to rise 40% by 2030

Single-family offices in Asia Pacific are projected to grow 40% to 3,200 by 2030, outpacing North America, according to a report by investment firm Lighthouse Canton. The region’s family offices have already expanded 28% since 2019 to 2,290, driven by rising wealth, generational transitions, and demand for institutional governance structures. India, in particular, is experiencing rapid growth, with family offices surging from 45 in 2018 to nearly 300 in 2024, fueled by a vibrant startup scene and intergenerational wealth transfer. The report highlights that more ultra-high-net-worth individuals and founders are adopting formal family office models to manage assets, succession planning, and cross-border investments, marking a shift toward scalable and purpose-driven wealth management across Asia and the Middle East.