--- title: "ZAWYA-PRESSR: J.P. Morgan Private Bank releases 2026 global family office report" type: "News" locale: "en" url: "https://longbridge.com/en/news/274820476.md" description: "J.P. Morgan Private Bank has released its 2026 Global Family Office Report, analyzing insights from 333 family offices across 30 countries, with an average net worth of $1.6 billion. The report highlights that while 65% of family offices plan to prioritize AI investments, many lack exposure to growth equity and venture capital. Geopolitics is identified as the top risk, yet most have limited allocations to traditional hedges like gold. The report emphasizes the need for better alignment between ambition and execution in technology investing and addresses challenges in succession planning and organizational change." datetime: "2026-02-04T13:20:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274820476.md) - [en](https://longbridge.com/en/news/274820476.md) - [zh-HK](https://longbridge.com/zh-HK/news/274820476.md) --- # ZAWYA-PRESSR: J.P. Morgan Private Bank releases 2026 global family office report - Insights from 333 family offices across 30 countries, average net worth $1.6 billion - While 65% intend to prioritize AI investments, many have yet to build exposure to growth equity, venture capital, or infrastructure - all asset classes that are central to the AI revolution - Geopolitics is cited as the top risk by 64% of family offices, yet most maintain limited allocations to traditional hedges like gold, reflecting a range of approaches to risk management **Dubai, UAE -** J.P. Morgan Private Bank today announced the release of its 2026 Global Family Office Report, a comprehensive analysis of the priorities, prospects and strategies shaping the world’s leading family offices. “Through serving the world’s most prominent families across generations and jurisdictions, we have a unique vantage point into their greatest aspirations. This report reflects their perspectives and priorities, offering a window into how family offices are shaping their futures,” said William Sinclair, Global Co-Head of the Family Office Practice at J.P. Morgan Private Bank. “As family offices navigate a world of unprecedented complexity, our role is to help them transform ambition into enduring impact.” “This report is more than a survey, it’s the result of our collaboration with some of the world’s most sophisticated family offices,” said Natacha Minniti, Global Co-Head of the Family Office Practic**e** at J.P. Morgan Private Bank. “While family offices everywhere are facing similar headwinds, their actions vary regionally. What stands out globally is a clear risk-on attitude. Not surprisingly, AI is the top investment theme, yet 57% of respondents have no exposure to growth and venture capital – where much of the innovation happens.” The survey draws on insights from 333 family offices across 30 countries, each with an average net worth of $1.6 billion. The report focuses on three key areas: portfolio allocations, succession and engagement, and strategic and operational foundations. AI Ambitions Outpace Action: The Portfolio Allocation Paradox The report highlights an opportunity for greater alignment between ambition and execution in technology investing. While 65% of family offices intend to prioritize AI, this focus is not yet fully reflected in their portfolios. In addition to limited exposure to growth and venture capital, more than 70% currently have no investments in infrastructure, even though AI’s advancement depends on data centers and digital infrastructure. This suggests there is significant potential for family offices to further enhance their portfolios in these key areas. “To fully capture the AI opportunity, investors should look beyond the mega-cap leaders and focus on the enablers driving the supply chain—from semiconductors and power infrastructure to networking and cooling systems,” said Christophe Aba, International Head of Investments & Advice at J.P. Morgan Private Bank. “Equally important is private market exposure, where the top ten AI companies are already valued at around $1.5 trillion, underscoring that much of AI’s future value is still being created outside public markets.” **Inflation and Geopolitics Reshape Risk and Return** Inflation is driving family offices to alternatives, with those most concerned allocating nearly 60% of their capital to the category, roughly 20% above the global average, and favoring hedge funds and real estate. Despite ongoing geopolitical uncertainty, most family offices avoid traditional and emerging hedges: 72% have no gold exposure and 89% hold no cryptocurrencies, preferring tangible assets and established strategies. Geopolitics is now the top risk, cited by 64% of family offices. Family Businesses: The Double-Edged Sword of Succession and Engagement The report shows business-owning families are paving the way on governance, with 48% establishing formal structures compared to 40% of non-business-owning peers. They’re also nearly twice as likely to cite internal conflict as a top risk (41% vs. 23%). The report also revealed that less than half (48%) include their operating company in their investment allocation. “The greatest risks for family offices often arise from missed synergies, overly lean staffing and a lack of holistic risk management. These challenges become even more pronounced as economic and generational transitions accelerate,” said Elisa Shevlin Rizzo, Head of Family Office Advisory at J.P. Morgan Private Bank. “Family business owners are acutely aware of these internal risks and are proactively taking steps to safeguard the continuity and effectiveness of their family offices.” Succession planning remains a major concern: 53% of business-owning families see it as a top issue, and 86% of all family offices lack a clear succession plan for key decision makers, highlighting a critical area for improvement as generational transitions loom. **Rising Complexity Drives Organizational Change** As family offices contend with increasing complexity, competition for talent and the need for specialized skills are driving up operating costs and prompting a shift toward hiring non-family professionals. Average annual operating cost for a family office is $3 million, rising to $6.6 million for offices with more than $1 billion in assets. While 40% of offices spend less than $1 million annually, 11% spend more than $7 million, with 25–28% of costs allocated to external services such as legal, trading, and cybersecurity. Outsourcing has become a strategic imperative: 80% of family offices outsource some aspect of portfolio management, and over one-third of offices with $1 billion or more in assets outsource more than half of their portfolios. Legal services (52%), trading and market execution (45%), and cybersecurity (38%) are the most frequently outsourced functions. As family offices digitize and aggregate data, technology platforms and cybersecurity have become top service needs, with 32% citing cybersecurity as their greatest priority. To learn more and review the full 2026 Global Family Office Report, visit here. **About J.P. Morgan Private Bank** J.P. Morgan Private Bank provides customized financial advice to help wealthy clients and their families achieve their goals through an elevated experience. Clients of the Private Bank work with dedicated teams of specialists that bring their investments and financial assets together into one comprehensive strategy, leveraging the global resources of J.P. Morgan across planning, investing, lending, banking, philanthropy, family office management, fiduciary services, special advisory services and more. The Private Bank oversees more than $3.5 trillion in client assets globally (as of 12/31/2025). More information about J.P. Morgan Private Bank is available at privatebank.jpmorgan.com. - Quick Stats - · 333 family offices surveyed across 30 countries, $1.6 billion average net worth of participants· 65% plan to prioritize artificial intelligence investments· Over 50% have no current exposure to growth equity or venture capital· 64% cite geopolitics as a top risk· 72% have no gold exposure; 89% have no exposure to cryptocurrencies· 58% own a separate operating company; only 48% of these include it in investment decisions· 41% of business-owning families cite internal conflict as a top-three risk (vs. 23% of non-business owners)· 86% lack a clear succession plan for key decision makers· $3 million average annual operating cost; $6.6 million for offices with over $1 billion in assets· 80% outsource some aspect of portfolio management· 32% cite cybersecurity as their greatest service need· 67% evaluate portfolios in U.S. dollars (LATAM: 96%, APAC: 81%, EMEA: 22%) Risks most often ranked #1 globally Geopolitics Liquidity Trade policy and tariffs Asset valuations Economic growth Portfolio concentrations Top 5 risks in the U.S. 20% 12% 12% 11% 10% 10% Top 5 risks internationally Interest rates Inflation Economic growth Geopolitics Asset valuations Trade policy and tariffs 64% 61% 61% 57% 56% 51% Geopolitics Trade policy and tariffs Economic growth Interest rates Currency Asset valuations 74% 60% 57% 55% 45% 40% Global 100% 38.4% Public equities 30.8% Private Investments · 9.8% — Private equity · 7.4% — Real estate · 6.1% — Control-oriented private investments · 3.3% — Growth equity & venture capital · 2.4% — Private credit · 1.1% — Secondaries · 0.7% — Infrastructure, transportation & other real assets 14.8% Fixed income 7.8% Cash 4.7% Hedge funds 1.3% Commodities 1% Art/collectibles 0.9% Other 0.4% Crypto/digital assets Send us your press releases to pressrelease.zawya@lseg.com Disclaimer: The contents of this press release was provided from an external third party provider. 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