Wealth preservation remains the core objective for most family offices, even as they pursue wealth creation. At the same time, priorities such as succession planning, governance and compliance are moving to the centre. Many family offices are evolving beyond investment vehicles into structured platforms overseeing long-term wealth management and inter-generational transition. Asset allocation is also shifting, with growth assets taking a larger share of portfolios, alongside diversification into real estate, REITs, InvITs, private equity, private credit and venture capital.