The evolution of lifestyle concierge services for family offices

As the world evolves, so do the expectations of high-net-worth individuals and affluent families. To meet these changing demands, family office concierge services are elevating their game. Our insight focuses on family offices' lifestyle and concierge services and how they have expanded to keep up with the times.
lifestyle concierge family offices

What you need to know

  • Concierge service providers are adapting to tech advancements and the changing demands of high-net-worth individuals and wealthy families.
  • Family offices are recognising the importance of lifestyle management and adopting a more holistic approach to meet their clients’ non-financial needs, making concierge services more valuable.
  • Family office lifestyle concierges are expanding their services to meet the demands of younger generations who prioritise experiences. This includes luxury art investments, healthcare advice, and cybersecurity recommendations.
Luxury & Lifestyle Updated on January 16, 2024

Family offices and lifestyle management

The modern family office is starting to recognise the importance of lifestyle management. Apart from traditional private wealth management, they are broadening their range of services to adopt a more holistic approach and focus on their clients’ non-financial needs. Taking a more holistic approach provides several benefits. It strengthens loyalty and reinforces relationships, making family office services even more valuable to family members. For example, organising private dinners for family business stakeholders or arranging childcare services can leave clients feeling well cared for and truly supported.

The expansion of family office concierge services

Today, family offices are experiencing a shift in values as the future generation begins to take over. Younger family members prioritise experiences, sustainability, and social responsibility and place less importance on material possessions. So instead of a sizeable investment in a fleet of luxury sports vehicles, it’s more likely that they will indulge in unique travel experiences or opt to drive a Tesla. As a result, the family office lifestyle and concierge services have undergone a significant shift. The traditional image of a luxurious hotel staff attending to every whim of the wealthy is fading away. Nowadays, family office lifestyle managers are going beyond the usual tasks of arranging private jets or finding French tutors. To keep up with the changing times, their services are expanding to include new luxury investment services and covering emerging fields such as medical healthcare and cybersecurity. Below are some of the latest concierge services:

About the Authors

Lindi Miti

Lindi Miti

Writer & Content Producer

Lindi works with the content team to help benchmark and streamline family office operations.

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