Both groups need succession planning “well before a transition is imminent,” she said.
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.
A year ago, family offices expected an average annual return of just five percent. Every asset class finished 2025 with a positive median return.
Respondents have revised their expectations sharply upward this year, with 84 percent expecting direct private equity to meet or exceed last year’s performance.
AI is the top investment pick over the next 12 months, selected by a combined 85 percent of offices.