Family offices are increasingly using artificial intelligence to improve operations and data analysis, but most remain cautious about investing directly in the sector, according to a new global study by Ocorian.
The research, based on responses from 200 family office executives and principals overseeing a combined $119.4 billion in wealth, found that 86% are already using AI technology in their operations. However, only 7% are currently seeking investment opportunities in AI.
The findings highlight a gap between adoption and investment, as family offices weigh the potential of the technology against perceived risks and uncertainty. While nearly three-quarters (74%) of respondents expect to increase investment in AI and digital assets over the next three years, most appear to be taking a wait-and-see approach for now.
Michael Harman, commercial director for the UK and Channel Islands at Ocorian, said adoption remains at an early stage. “Family offices are gradually adopting AI and technology as part of their operations and are particularly using it for data insights,” he said. “However, adoption of AI is still in its early stages across the sector, and most are not currently investing.”
The study found that 26% of respondents strongly believe AI will reshape how family offices operate within the next year, improving performance and growth. At the same time, 72% said the most significant impact is likely to be felt over a longer period of two to five years.
Respondents were drawn from 16 jurisdictions, including major financial centres such as the United States, United Kingdom, Singapore and the Cayman Islands.
The report suggests that, while family offices are exploring AI’s operational benefits, many are deferring direct investment decisions until the technology matures and clearer opportunities emerge.
