Family offices are increasingly using artificial intelligence (AI) and other technologies to improve internal operations and data analysis, but most are not yet looking to invest directly in the sector, according to new research commissioned by services provider Ocorian.
The study surveyed family members and senior executives working in family offices across 16 countries and territories, with respondents collectively representing total wealth of US$119.37 billion.
Ocorian said 86% of respondents reported using AI technology to improve operations and generate better data insights.
Despite the high level of reported adoption, only 7% of respondents said they are currently seeking investment opportunities in AI, the study found.
Investment intentions may shift in the medium term. Nearly three-quarters (74%) of respondents said they expect to increase investment in AI and other digital assets over the next three years, including 20% who plan to “dramatically” increase exposure.
The research points to a gap between AI’s operational use and its perceived immediacy as a value-creation investment theme. Around a quarter (26%) of respondents strongly agreed that AI will reshape how family offices are run and boost performance, value and growth within the next year.
However, 72% said they expect the major impact of AI on how family offices operate will take between two and five years to be felt.
