Every year, Citi Private Bank’s Global Family Office Group gauges investor sentiment and portfolio actions of their more than 1,600 family office clients worldwide.
The 2023 report – recording the largest number of global respondents to date – uncovered the top priorities for family offices and the families they serve as well as their portfolio positioning.
Key findings include:
- Rising portfolio values and widespread optimism: Two-thirds of respondents reported portfolio gains, with almost all expecting positive portfolio returns over the next year.
- Increasing allocations to fixed income and private equity: Over half reported increased fixed income allocations, 38% upped private equity allocations while another 38% decreased their public equity allocations.
- Family offices switched their primary focus compared to last year: Family offices’ primary focus has shifted toward wealth management at the expense of family unity. However, this trend is less pronounced among third-generation families.
Download the full report to see if their thinking and actions align with yours.