In May 2023, Goldman Sachs dropped a smokin’ fresh report on 166 family offices across Asia, Europe, and the Americas — and how they invest.

Last month, we shared how $20M+ entrepreneurs invest their money. Many of you gave feedback that this was your favorite edition. ⭐

This week, let’s take an inside look at how family offices invest their generational wealth. 👑

Today in 10 minutes or less, you’ll learn:

• 👨‍👩‍👧‍👦 Who are family offices (and why they’re different)

• 📊 Family office asset allocation in Q1 2023

• 🏦 Expected investments in the next 12 months

• 💡 Lessons and takeaways

Sponsor Money Abroad | New Here? Subscribe!

Thanks to Varun Dutt for dropping in our laps this fascinating family office report.

FROM OUR PARTNERS

🔥 Your cheeky guide from ex-diplomats

Staying informed about the world doesn’t have to be boring.

We love news that entertains at Money Abroad. Our friends are publishing a daily newsletter International Intrigue, which was created by former diplomats that gives cheeky updates on happenings from around the world.

Their briefing helps 35,000+ next gen leaders like yourself better understand how geopolitics, business and technology intersect. Stay informed in under 5 minutes per day. Sign up here.

👨‍👩‍👧‍👦 Family offices: Asset allocation of ultra-high-net-worth families

🤔 What are family offices?

Family offices are private wealth management companies that serve 1 or multiple ultra-high-net-worth families.

👯Who were the family offices surveyed?

• Wealth: 70%+ of respondents have a net worth of $1B+

• Geography: 57% Americas, 21% EMEA, 22% APAC

• Active vs passive: 90%+ have in-house investment management capabilities

📊 Family office asset allocation in Jan/Feb 2023