Both groups need succession planning “well before a transition is imminent,” she said.Â
Manju Jessa, vice president and head, Family Office and Strategic Clients, RBC Enterprise Strategic Client Group, said in the report that families “maintain a long-term perspective and patient capital position,” while their family offices handle “near-term performance, operational demands” and the needs of multiple generations.Â
A year ago, family offices expected an average annual return of just five percent. Every asset class finished 2025 with a positive median return.Â
Respondents have revised their expectations sharply upward this year, with 84 percent expecting direct private equity to meet or exceed last year’s performance. Â
AI is the top investment pick over the next 12 months, selected by a combined 85 percent of offices.Â