United Kingdom Family Office Market Size Analysis - Market Share, Forecast Trends and Outlook Report 2025-2034
Description
The United Kingdom family office market reached approximately USD 5.17 Billion in 2024. The market is projected to grow at a CAGR of 6.70% between 2025 and 2034, reaching a value of around USD 9.89 Billion by 2034.
United Kingdom Family Office Market Outlook
Nearly half of European family offices surveyed were engaged in sustainable investing and dedicated an average of 29% of their portfolio to sustainability initiatives, as per The European Family Office Report 2021.
According to The European Family Office Report 2022, the average family wealth in Europe was USD 1.9 billion, with AUM of USD $1.4 billion.
The 2023 European Family Office Report revealed that close to half of family offices in Europe were looking to diversify their investment portfolios. 27% focused on direct private equity investments, while 21% chose co-investments as a strategic approach.
United Kingdom Family Office Market Growth
According to Credit Suisse's report for 2021, approximately 685,500 individuals in the UK, who are in the top 1% bracket, collectively held a total wealth of $3.4 trillion (£2.8 trillion). Moreover, around 48 million Britons, representing 70% of the population, had a combined wealth of $2.9 trillion (£2.4 billion). With the increasing complexity of financial needs among affluent families, there is a rising demand for comprehensive wealth management services. Family offices offer personalised financial planning, investment management, tax planning, and estate planning solutions.
The customised nature offamily officeservices, tailoring solutions to the distinct requirements and objectives of each family, distinguishes them from conventional wealth management services. This individualised method plays a crucial role for families in search of tailor-made financial services. Moreover, the demand for family offices has increased due to the rising wealth of high-net-worth individuals and ultra-high-net-worth individuals. This wealth growth is attributed to successful entrepreneurial ventures, inheritance, and capital gains.
United Kingdom Family Office Industry Segmentation
“United Kingdom Family Office Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Single Family Office
Multi-Family Office
Virtual Family Office
Market Breakup by Asset Class of Investment
Bonds
Equities
Alternative Investments
Commodities
Cash Or Cash Equivalents
Market Breakup by Region
England
Wales
Scotland
Northern Ireland
United Kingdom Family Office Market Share
Based on type, the market is segmented into single family office, multi-family office, and virtual family offices. Virtual family offices are projected to grow at a CAGR of 7.5% during the forecast period of 2025-2034. A virtual family office offers a technology-based platform that delivers a wide range of financial, investment, and administrative services to affluent families and individuals, eliminating the necessity for a traditional office setting.
Leading Companies in the United Kingdom Family Office Market
The market players are focusing on digital transformation and diversification of investment portfolios to gain a competitive edge in the market.
Bank Julius Baer & Co. Ltd.
Wren Investment Office Limited
Conrad Family Office
Macfarlanes LLP
Benefact Group (Lycetts Holdings Limited)
Quilter Financial Planning Solutions Ltd.
Mercer LLC
Savills PLC
Spielmann Capital
Amram Capital (UK) LLP
Others
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Brazil Family Office Market
Global Family Offices Market
United Kingdom Family Office Market Outlook
Nearly half of European family offices surveyed were engaged in sustainable investing and dedicated an average of 29% of their portfolio to sustainability initiatives, as per The European Family Office Report 2021.
According to The European Family Office Report 2022, the average family wealth in Europe was USD 1.9 billion, with AUM of USD $1.4 billion.
The 2023 European Family Office Report revealed that close to half of family offices in Europe were looking to diversify their investment portfolios. 27% focused on direct private equity investments, while 21% chose co-investments as a strategic approach.
United Kingdom Family Office Market Growth
According to Credit Suisse's report for 2021, approximately 685,500 individuals in the UK, who are in the top 1% bracket, collectively held a total wealth of $3.4 trillion (£2.8 trillion). Moreover, around 48 million Britons, representing 70% of the population, had a combined wealth of $2.9 trillion (£2.4 billion). With the increasing complexity of financial needs among affluent families, there is a rising demand for comprehensive wealth management services. Family offices offer personalised financial planning, investment management, tax planning, and estate planning solutions.
The customised nature offamily officeservices, tailoring solutions to the distinct requirements and objectives of each family, distinguishes them from conventional wealth management services. This individualised method plays a crucial role for families in search of tailor-made financial services. Moreover, the demand for family offices has increased due to the rising wealth of high-net-worth individuals and ultra-high-net-worth individuals. This wealth growth is attributed to successful entrepreneurial ventures, inheritance, and capital gains.
United Kingdom Family Office Industry Segmentation
“United Kingdom Family Office Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Single Family Office
Multi-Family Office
Virtual Family Office
Market Breakup by Asset Class of Investment
Bonds
Equities
Alternative Investments
Commodities
Cash Or Cash Equivalents
Market Breakup by Region
England
Wales
Scotland
Northern Ireland
United Kingdom Family Office Market Share
Based on type, the market is segmented into single family office, multi-family office, and virtual family offices. Virtual family offices are projected to grow at a CAGR of 7.5% during the forecast period of 2025-2034. A virtual family office offers a technology-based platform that delivers a wide range of financial, investment, and administrative services to affluent families and individuals, eliminating the necessity for a traditional office setting.
Leading Companies in the United Kingdom Family Office Market
The market players are focusing on digital transformation and diversification of investment portfolios to gain a competitive edge in the market.
Bank Julius Baer & Co. Ltd.
Wren Investment Office Limited
Conrad Family Office
Macfarlanes LLP
Benefact Group (Lycetts Holdings Limited)
Quilter Financial Planning Solutions Ltd.
Mercer LLC
Savills PLC
Spielmann Capital
Amram Capital (UK) LLP
Others
More Insights On
Brazil Family Office Market
Global Family Offices Market
Table of Contents
118 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Europe Family Offices Market Overview
- 5.1 Key Industry Highlights
- 5.2 Europe Family Offices Historical Market (2018-2024)
- 5.3 Europe Family Offices Market Forecast (2025-2034)
- 6 United Kingdom Family Offices Market Overview
- 6.1 Key Industry Highlights
- 6.2 United Kingdom Family Offices Historical Market (2018-2024)
- 6.3 United Kingdom Family Offices Market Forecast (2025-2034)
- 7 United Kingdom Family Offices Market by Type
- 7.1 Single Family Office
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Multi-Family Office
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Virtual Family Office
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 8 United Kingdom Family Offices Market by Asset Class of Investment
- 8.1 Bonds
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Equities
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Alternative Investments
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Commodities
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Cash Or Cash Equivalents
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 9 United Kingdom Family Offices Market by Region
- 9.1 England
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Wales
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Scotland
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Northern Ireland
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators of Demand
- 10.4 Key Indicators of Price
- 11 Competitive Landscape
- 11.1 Supplier Selection
- 11.2 Key Global Players
- 11.3 Key Regional Players
- 11.4 Key Player Strategies
- 11.5 Company Profiles
- 11.5.1 Bank Julius Baer & Co. Ltd.
- 11.5.1.1 Company Overview
- 11.5.1.2 Product Portfolio
- 11.5.1.3 Demographic Reach and Achievements
- 11.5.1.4 Certifications
- 11.5.2 Wren Investment Office Limited
- 11.5.2.1 Company Overview
- 11.5.2.2 Product Portfolio
- 11.5.2.3 Demographic Reach and Achievements
- 11.5.2.4 Certifications
- 11.5.3 Conrad Family Office
- 11.5.3.1 Company Overview
- 11.5.3.2 Product Portfolio
- 11.5.3.3 Demographic Reach and Achievements
- 11.5.3.4 Certifications
- 11.5.4 Macfarlanes LLP
- 11.5.4.1 Company Overview
- 11.5.4.2 Product Portfolio
- 11.5.4.3 Demographic Reach and Achievements
- 11.5.4.4 Certifications
- 11.5.5 Benefact Group (Lycetts Holdings Limited)
- 11.5.5.1 Company Overview
- 11.5.5.2 Product Portfolio
- 11.5.5.3 Demographic Reach and Achievements
- 11.5.5.4 Certifications
- 11.5.6 Quilter Financial Planning Solutions Ltd.
- 11.5.6.1 Company Overview
- 11.5.6.2 Product Portfolio
- 11.5.6.3 Demographic Reach and Achievements
- 11.5.6.4 Certifications
- 11.5.7 Mercer LLC
- 11.5.7.1 Company Overview
- 11.5.7.2 Product Portfolio
- 11.5.7.3 Demographic Reach and Achievements
- 11.5.7.4 Certifications
- 11.5.8 Savills PLC
- 11.5.8.1 Company Overview
- 11.5.8.2 Product Portfolio
- 11.5.8.3 Demographic Reach and Achievements
- 11.5.8.4 Certifications
- 11.5.9 Spielmann Capital
- 11.5.9.1 Company Overview
- 11.5.9.2 Product Portfolio
- 11.5.9.3 Demographic Reach and Achievements
- 11.5.9.4 Certifications
- 11.5.10 Amram Capital (UK) LLP
- 11.5.10.1 Company Overview
- 11.5.10.2 Product Portfolio
- 11.5.10.3 Demographic Reach and Achievements
- 11.5.10.4 Certifications
- 11.5.11 Others
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