According to data from the London Business School, family offices worldwide control some $10tn in assets and are becoming an increasingly important investment force. With Intelligence predicts that family offices globally will reach $11.41tn in assets under management by 2026. In South Africa, the family office service has become a fast-growing wealth management segment with an AfrAsia Bank Africa Wealth Report predicting that total private wealth in Africa will reach $2.6tn by 2030.
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