The year that we celebrated 15 years of GPFO was also the year family offices hit the headlines. Thrust into the spotlight like never before, increasingly becoming the driving conversation across the investment and wealth management ecosystem.
2024 has been far from steady, with political and geopolitical tumult, as 60+ countries went to the polls - home to about half the earth's population. A number of conflicts erupting or intensified during the last 12 months.
Markets mainly saw strength in the face of the tumult, AI came from a curiosity to a key market driver. Family offices continued the march towards alternative investments.
Over the past year, all members of GPFO’s team have been wonderfully busy meeting new families and discussing the threats and opportunities which they are currently facing.
Private wealth and the number of family offices has been growing significantly. The catalysts for growth has been multiple secular trends: decentralisation of financial services (a la carte); the professionalisation of FOs, and barriers to setting up a family office going down.
GPFO was founded with the simple objective of ‘what keeps the family office awake at night’ and over the past 15 years we have seen and helped contribute to the professionalisation the family office. GPFO will continue to be at the centre of this for its members over the next 15 years.
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