Australia Family Offices Market: Wealth Management, Succession Planning & the Future of Private Capital in Australia

According to IMARC Group, the Australia family offices market reached USD 412.0 Million in 2024. Looking forward, the market is projected to reach USD 596.1 Million by 2033, expanding at a CAGR of 4.19% during 2025–2033.

This growth reflects Australia’s expanding population of high-net-worth and ultra-high-net-worth individuals (HNWIs and UHNWIs), rising intergenerational wealth transfer, and stronger interest in formalised wealth-management structures that provide governance, stability, diversification and long-term strategic planning.

Family offices have become the backbone of private-capital activity in Australia. They allow wealthy families to consolidate assets, pursue alternative investments, coordinate estate planning and manage philanthropic commitments with professional oversight and strategic direction.

Why is the Australia Family Offices Market Growing?

Rising Number of High-Net-Worth Individuals in Australia

Australia continues to see a steady rise in affluent households due to strong property markets, business exits, entrepreneurial expansion and robust investment gains. As more families accumulate significant wealth, the need for structured financial management increases. Family offices offer customized investment strategies, risk management and long-term wealth preservation, making them the preferred vehicle for affluent families.

Growth in Alternative Investments & Private Capital Allocation

Family offices increasingly diversify away from traditional assets and toward alternatives such as private equity, venture capital, infrastructure, impact investing and real-estate portfolios. These asset classes offer higher returns, long-term value creation and more control — aligning with the strategic outlook of wealthy families. The expansion of Australia’s startup ecosystem also supports direct investment opportunities.

Intergenerational Wealth Transfer & Succession Planning

A significant wave of wealth is transitioning between generations in Australia. Family offices provide governance structures, estate planning, trusts, tax strategies and compliance frameworks that help preserve wealth through generational transitions. This creates sustained demand for professionalised family-office services, including legal, advisory, fiduciary and administrative support.

Greater Professionalisation of Wealth Management

Wealthy families are increasingly formalising asset management by hiring investment specialists, tax professionals, legal advisors and governance executives. This professionalisation strengthens demand for single-family and multi-family offices that offer integrated financial oversight and access to sophisticated investment products.

Rising Interest in Philanthropy & Impact Investing

Modern wealth holders are placing higher emphasis on environmental and social impact. Family offices are expanding mandates to include philanthropic strategy, ESG-aligned investing and sustainability-focused portfolio management — all of which contribute to long-term market development.

Recent News & Developments in the Australia Family Offices Market

May 2025:

A leading multi-family office expanded its advisory platform to include AI-driven portfolio-allocation tools, allowing affluent families to optimise asset diversification and manage risk more precisely. Initial client adoption rates grew by 12% within three months, demonstrating strong demand for technology-enhanced wealth management.

August 2025:

An Australian wealth-management firm launched a dedicated impact-investment advisory division for family offices, supporting portfolios aligned with ESG, renewable energy and social outcomes. Early results showed increased interest from younger, second-generation family members seeking purpose-driven investing.

October 2025:

Market data revealed that alternative-asset allocations by Australian family offices increased 17% year-on-year, particularly in private equity, venture capital and property funds. This shift underscores a growing appetite for long-term, high-growth assets over traditional portfolio mixes.

Why Should You Know About the Australia Family Offices Market?

Because family offices are becoming one of the most influential forces in Australia’s private-capital landscape. With the market projected to grow from USD 412.0 Million in 2024 to USD 596.1 Million by 2033, family offices play a central role in:

• Funding startups and innovation ecosystems
• Supporting generational wealth creation
• Driving ESG and impact-investment initiatives
• Strengthening strategic private-equity and real-estate markets
• Enhancing financial governance and succession planning

For investors, this market offers access to sophisticated capital and deal flow.

For wealthy families, it provides long-term financial security and structured asset protection.

For advisory firms, it represents a major growth opportunity in an industry seeking deeper expertise and integrated services.