{"id":908957,"date":"2025-11-12T11:56:24","date_gmt":"2025-11-12T16:56:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/inside-the-modern-family-office-complexity-innovation-and-a-generational-shift\/"},"modified":"2025-11-12T11:56:24","modified_gmt":"2025-11-12T16:56:24","slug":"inside-the-modern-family-office-complexity-innovation-and-a-generational-shift","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/inside-the-modern-family-office-complexity-innovation-and-a-generational-shift\/","title":{"rendered":"Inside the Modern Family Office: Complexity, Innovation, and a Generational Shift"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Bank of America Private Bank’s Family Office Study Finds Nearly 60% of Family Offices Expect Leadership Transition Within the Next Decade<\/i>\n <\/p>\n

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\n NEW YORK<\/span>
\n <\/span>, Nov. 12, 2025<\/span><\/span> \/PRNewswire\/ — The Bank of America Family Office Study: Perspectives on the Modern Family Office<\/a> reveals that the next decade will be a defining era for the world’s wealthiest families. Generational transitions, economic optimism, and rapid technological advancements are reshaping how family offices manage and preserve multigenerational wealth.<\/p>\n

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With 87% of family offices yet to be passed down to the next generation <\/b>\u2014 and 59% expecting that transition within the next 10 years <\/b>\u2014 leadership handovers are poised to bring new approaches to investing, philanthropy, and the use of technology. In fact, among family offices with less engaged principals, 73% of those surveyed expect the next generation to redefine the office’s mission or purpose.<\/p>\n

\n “As younger generations step into leadership roles, they are poised to redefine what it means to manage multigenerational wealth \u2014 from integrating Artificial Intelligence to expanding philanthropic missions,” said <\/i>
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\n Elizabeth Thiessen<\/span>
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\n , Head of Family Office Solutions, Bank of America Private Bank<\/b>. “This evolution will shape the modern family office for generations to come.”<\/i>\n <\/p>\n

The inaugural study surveyed 335 family office decision-makers<\/b>\u00a0across North America<\/span> to understand how these organizations are evolving. Key findings include:<\/p>\n