<p>超高净值（UHNW）家庭在一个日益复杂和不确定的世界中运作，研究的作者在周二发表的报告中写道。鉴于地缘政治的不稳定、经济的碎片化和技术的颠覆，这些家庭与财富规划师的合作愈加紧密。</p>
<p>总体而言，家庭对遗产、目标和韧性的重视程度不断提高。报告指出，策略不仅在于提高回报和保护财富，还越来越多地旨在塑造一个更有意识的跨代未来。</p>
<p><strong>房地产和私募市场主导</strong></p>
<p>财富保护——以及将财富转移到下一代——仍然是首要任务。以这种长期思维，房地产和私募市场继续主导投资格局。家庭希望对其资本的部署方式和地点有更大的影响力。</p>
<p>«我们正在见证一个更加积极、目标明确且全球导向的超富裕家庭（UHNW）社区，他们尽管面临地缘政治的逆风，仍希望按照自己的方式塑造未来，»研究指出。</p>
<p><strong>调查了 2,500 名内部和外部专家</strong></p>
<p>根据报告，本期调查了来自欧洲、亚洲、中东和拉丁美洲的约 2,500 名内部和外部专家。</p>
<p>全球范围内，约 60% 的超富裕家庭仍未利用家族办公室解决方案。在使用这些解决方案的家庭中，单一家族办公室占主导地位，约为 21%，其次是多家族、混合型或虚拟结构。</p>
<p><strong>亚洲比例高</strong></p>
<p>一个显著的区域差异浮现。使用某种形式家族办公室的家庭比例在亚洲最高（43%），而在拉丁美洲最低（38%）。在亚洲，家族办公室已从一个小众现象演变为战略优先事项。«随着代际财富的成熟和家庭的全球分散，新加坡和香港已发展成为该地区寻求简化复杂性和建立持久遗产的最具活力的中心，»作者写道。</p>
<p>转向家族办公室模式的最大障碍被认为是高成本，其次是财富管理的复杂性。此外，许多家庭认为他们的财富不足，或者预期的收益过于有限。</p>
<p><strong>跨境税务优化和继承规划</strong></p>
<p>对于那些采用家族办公室解决方案的家庭，跨多个司法管辖区的税务优化和继承规划是首要任务。</p>
<p>研究还指出，两个趋势变得越来越明显：</p>
<p>在继承规划和财富转移方面，重点不再仅仅是将资产从一代传递到下一代——许多超富裕家庭现在跨越多个世代。</p>
<p>性别因素也越来越重要。预计未来几年，女性控制的财富比例将增长，部分原因是平均寿命的提高。</p>

科凯国际

<p>由瑞士银行 Julius Bär 和普华永道（PwC）联合发布的《2025 年家庭晴雨表》强调了超高净值（UHNW）家庭在财富管理方面的趋势，突出了在地缘政治和经济挑战下的遗产、目标和韧性。报告指出，私人股本和房地产投资的转变，重点关注代际财富转移。对 2500 名专家的调查显示，60% 的超高净值家庭未利用家族办公室解决方案，亚洲在采用方面处于领先地位。使用家族办公室的家庭的主要优先事项包括税务优化和继承规划，反映出性别在财富控制中的重要性日益增加</p>

<p>UHNW (Ultra High Net Worth) families operate in an increasingly complex and uncertain world, the authors of the study published on Tuesday write. In light of geopolitical volatility, economic fragmentation, and technological disruption, families are working more closely with wealth planners.</p>
<div class="lb-trans"><p>超高净值（UHNW）家庭在一个日益复杂和不确定的世界中运作，研究的作者在周二发表的报告中写道。鉴于地缘政治的不稳定、经济的碎片化和技术的颠覆，这些家庭与财富规划师的合作愈加紧密。</p>
</div><p>Overall, families are placing greater emphasis on legacy, purpose, and resilience. Strategies are being adjusted not only to enhance returns and preserve wealth, but also increasingly to shape a more conscious, intergenerational future, the report says.</p>
<div class="lb-trans"><p>总体而言，家庭对遗产、目标和韧性的重视程度不断提高。报告指出，策略不仅在于提高回报和保护财富，还越来越多地旨在塑造一个更有意识的跨代未来。</p>
</div><p><strong>Real Estate and Private Markets Dominate</strong></p>
<div class="lb-trans"><p><strong>房地产和私募市场主导</strong></p>
</div><p>Wealth preservation—and the associated transfer to the next generation—remains a top priority. With this long-term mindset, real estate and private markets continue to dominate the investment landscape. Families want to have greater influence over how and where their capital is deployed.</p>
<div class="lb-trans"><p>财富保护——以及将财富转移到下一代——仍然是首要任务。以这种长期思维，房地产和私募市场继续主导投资格局。家庭希望对其资本的部署方式和地点有更大的影响力。</p>
</div><p>«We are witnessing a more engaged, purposeful, and globally oriented community of ultra-wealthy families (UHNW) who, despite geopolitical headwinds, want to shape the future on their own terms,» the study states.</p>
<div class="lb-trans"><p>«我们正在见证一个更加积极、目标明确且全球导向的超富裕家庭（UHNW）社区，他们尽管面临地缘政治的逆风，仍希望按照自己的方式塑造未来，»研究指出。</p>
</div><p><strong>2,500 Internal and External Experts Surveyed</strong></p>
<div class="lb-trans"><p><strong>调查了 2,500 名内部和外部专家</strong></p>
</div><p>According to the report, around 2,500 internal and external experts from Europe, Asia, the Middle East, and Latin America were surveyed for this edition.</p>
<div class="lb-trans"><p>根据报告，本期调查了来自欧洲、亚洲、中东和拉丁美洲的约 2,500 名内部和外部专家。</p>
</div><p>Globally, around 60 percent of ultra-wealthy families still do not make use of family office solutions. Among those who do, single family offices lead with about 21 percent, followed by multi-, hybrid-, or virtual structures.</p>
<div class="lb-trans"><p>全球范围内，约 60% 的超富裕家庭仍未利用家族办公室解决方案。在使用这些解决方案的家庭中，单一家族办公室占主导地位，约为 21%，其次是多家族、混合型或虚拟结构。</p>
</div><p><strong>High Proportion in Asia</strong></p>
<div class="lb-trans"><p><strong>亚洲比例高</strong></p>
</div><p>A striking regional difference emerges. The highest proportion of families using some form of family office is found in Asia (43 percent), while the lowest is in Latin America (38 percent). In Asia, family offices have evolved from a niche phenomenon into a strategic priority.«As generational wealth matures and families become more globally dispersed, Singapore and Hong Kong have developed into the region’s most dynamic hubs for those seeking to simplify complexity and build lasting legacies,» the authors write</p>
<div class="lb-trans"><p>一个显著的区域差异浮现。使用某种形式家族办公室的家庭比例在亚洲最高（43%），而在拉丁美洲最低（38%）。在亚洲，家族办公室已从一个小众现象演变为战略优先事项。«随着代际财富的成熟和家庭的全球分散，新加坡和香港已发展成为该地区寻求简化复杂性和建立持久遗产的最具活力的中心，»作者写道。</p>
</div><p>The biggest hurdle to switching to a family office model is cited as high costs, followed by the complexity of wealth management. Additionally, many families perceive their wealth as not large enough, or the expected benefits as too limited.</p>
<div class="lb-trans"><p>转向家族办公室模式的最大障碍被认为是高成本，其次是财富管理的复杂性。此外，许多家庭认为他们的财富不足，或者预期的收益过于有限。</p>
</div><p><strong>Cross-Border Tax Optimization and Succession Planning</strong></p>
<div class="lb-trans"><p><strong>跨境税务优化和继承规划</strong></p>
</div><p>For those adopting family office solutions, tax optimization and succession planning across multiple jurisdictions are top priorities.</p>
<div class="lb-trans"><p>对于那些采用家族办公室解决方案的家庭，跨多个司法管辖区的税务优化和继承规划是首要任务。</p>
</div><p>The study also points to two trends becoming increasingly clear:</p>
<div class="lb-trans"><p>研究还指出，两个趋势变得越来越明显：</p>
</div><p>When it comes to succession planning and wealth transfer, the focus is no longer merely on passing assets from one generation to the next — many ultra-wealthy families now span multiple generations.</p>
<div class="lb-trans"><p>在继承规划和财富转移方面，重点不再仅仅是将资产从一代传递到下一代——许多超富裕家庭现在跨越多个世代。</p>
</div><p>The gender aspect is also gaining importance. The share of wealth controlled by women is expected to grow in the coming years, partly due to higher average life expectancy.</p>
<div class="lb-trans"><p>性别因素也越来越重要。预计未来几年，女性控制的财富比例将增长，部分原因是平均寿命的提高。</p>
</div>

传承、韧性和使命成为家族办公室的核心议题