Family offices, dedicated entities managing the wealth of ultra-high-net-worth individuals (UHNWIs), have emerged as significant global wealth generators. Their growth is fueled by the increasing concentration of wealth among the ultra-rich and the desire for personalized investment strategies, succession planning, and philanthropic endeavors. These offices offer tailored financial services, enabling families to preserve and grow their wealth across generations.

The expansion of family offices has been particularly notable since the 1980s, with a significant increase in the number of such entities worldwide. This growth reflects a broader trend of wealth concentration and the need for specialized management of substantial family fortunes. Family offices have become central to the financial ecosystem, influencing investment landscapes and contributing to the dynamics of global wealth distribution.