BlackRock Research Finds Generational Divide Among Family Offices amid $124 Trillion Wealth Transfer
Business Wire•21/10/2026•08:00 ET
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Key Highlights
- ➤$124 trillion transfers to heirs and charities from 2024 through 2048
- ➤Governance and decision-making rank as family offices’ top challenge
- ➤Nearly 30% of family offices rank governance among their top concerns
- ➤Nearly 30% plan to increase infrastructure allocations over the next 12 months
- ➤More than half are adjusting portfolios, most commonly by increasing diversification
Expert Statements
Armando Senra, Head of the Americas Institutional Business at BlackRock
“As new family offices emerge and wealth changes hands, we're seeing a shift not only in appetite for risk, but in how families evaluate it”
Armando Senra, Head of the Americas Institutional Business at BlackRock
“Newer offices are approaching private markets and liquidity differently than their more established peers, reinforcing the importance of balancing investment opportunities with each family's unique cash-flow needs, constraints and long-term objectives.”
Jessica Bulen, Head of U.S. Family Capital, Endowments, Foundations and Healthcare at BlackRock
“Governance has overtaken investment returns as the top challenge facing family offices, yet nearly two-thirds report limited or no next-generation involvement in investment decisions”
Jessica Bulen, Head of U.S. Family Capital, Endowments, Foundations and Healthcare at BlackRock
“As wealth moves across generations, bridging that gap will be critical to ensuring governance, succession planning and investment decision-making evolve alongside increasingly complex portfolios over time.”
BlackRock Research Finds Generational Divide Among Family Offices amid $124 Trillion Wealth Transfer
BlackRock survey of more than 200 single-family offices, conducted with Preqin, finds more than half adjusting portfolios as market risks shift.
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