Heirs to reshape family offices and investing | JQJO

A Bank of America survey of 335 family offices finds most wealth hasn’t yet been handed down — and big changes loom when it is. With 59% planning transfers within a decade, heirs are expected to reshape missions, boost alternatives, lean into AI, and in some cases even shutter offices, said Bank of America's Elizabeth Thiessen. Less-involved principals foresee more disputes and sharper shifts. Despite worries about preserving wealth, respondents are upbeat on U.S. stocks, private equity and mergers and acquisitions, and many anticipate GDP growth, even as sustainable funds see outflows and crypto allocations are expected to rise.