Time for the annual look back, and the annual squint forward. As ever, we have gone through the conversations, the patterns and the signals we saw across family offices this year, and pulled out what actually held up.
Every shift has a shadow
The clearest finding in our Looking Ahead report is almost old-fashioned. Every big shift drags a counter-shift along behind it.
As AI works its way deeper into daily work, we are watching a quiet return to the things it cannot do: human curation, judgement, the long view. The leaders who stood out this year were not the ones with the flashiest stack. They were the ones who stayed clear-headed under uncertainty and helped everyone around them do the same.
The month in AI
A small piece of history worth remembering. Models have been able to code for over fifteen years. The real gains only arrived when the interface caught up with the capability, which is the whole story of vibe coding in miniature, and the same catch-up is now happening everywhere else. Google has been folding Gemini straight into Slides, Mail and Documents, putting the intelligence where people already work instead of in yet another tab to forget about.
The 10% that stays yours
But the agentic shift is really a story about people, not tools. So as the year closes, here is the reframe we keep coming back to. Stop asking which 90% of your work AI could take. Ask which 10% has to stay yours, the part that is judgement, taste, relationship, the reason anyone hired a human in the first place. Then put your weight there. That is where the value has quietly gone to live.
We are opening 2026 in person: a team at Davos supporting family offices, Techarena in Stockholm in February, and a half-day mini-summit in Copenhagen in March on family offices and AI, with a strong set of partners joining us. More on all of it soon.