New Delhi, June 26 -- Family offices in India have jumped from 45 in 2018 to 300 in 2024. A Julius Baer study of more than 25 of these offices reveals top drivers: preserving value of assets keeping in mind the scale and complexity of wealth and asset holdings, strengthening governance by separating family and business affairs, and ensuring smooth succession. Beyond managing wealth, family offices also streamline estate planning through trusts for tax-efficient wealth transfer, align philanthropy with family values, and safeguard legacies with encrypted digital vaults, thereby keeping wills and vital records secure and accessible.

Among family offices, 44% have less than 20% allocated to fixed income, 41% have no allocation to traditiona...