Family offices in the Asia-Pacific (APAC) region remain optimistic despite macroeconomic uncertainties, with most expecting growth in both family wealth and assets under management (AUM). Among the 89 family offices surveyed, 84% anticipate growth in family wealth, and 77% expect increases in AUM in 2024. However, concerns around succession planning are rising, with 37% of family offices lacking a clear plan and over a third making it a top priority for 2024.

APAC family offices are focused on managing investment risks and prioritizing governance and valuation policies. Many have adopted more conservative investment strategies, with equities, private equity, and real estate as the leading asset classes. In light of uncertainties, diversification remains crucial, and some are adjusting their investment allocations to hedge funds and equities, seeking stability and growth.