Geopolitics - who cares?

Family Office Insider (FOI) | August 2023

At a glance:

• This month we discuss geopolitics, and unpick if the myriad of ‘insights’ are actionable for family offices. What are the scenarios and use cases for the data?

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“Geopolitics replaces inflation as top concern… Thinking ahead to the next three years, family offices are most concerned about geopolitics. They appear less anxious about rising inflation, which was the top concern last year but currently ranks third, after geopolitics and recession. Behind these global averages, though, what they worry about depends on where they are based. In the US, recession is family offices’ greatest concern, while in the Asia-Pacific region and Europe geopolitics is the top concern for most family offices.”

UBS GFO Report 2023

Four of the major family office research reports of 2023 (UBS, BlackRock, Goldman Sachs, Northern Trust & Wharton), highlighted the changing geopolitical landscape as a key issue for family offices, all mentioning geopolitics in the executive summary, with an average of 10.5 mentions of geopolitics in total per report. You can access all the reports and 200+ more via our research and reports database.

It got us thinking, what is actionable? Do family offices actually take action based on geopolitical insights? And more pointedly, what are the use cases for geopolitical data and insights for family offices?