BNY Wealth's 2026 study of 290 family offices, reported on 13 October 2026, finds that less than half of portfolios now sit in public equity and real estate. The definition of 'alternatives' and a larger sample both matter when reading the headline.
Budget 2027 adds a multi-family office model to Malaysia's single family office scheme in Forest City, which the Securities Commission says holds an indicative RM20.8bn. The tax treatment of the new model is still undefined.
On 6 October 2026 UBS agreed to transfer the former Credit Suisse fund administration businesses in Switzerland and Luxembourg to Northern Trust, and named Universal Investment as preferred third-party management company for its Luxembourg white-label clients.
Multi-family office Cresset said in early October 2026 that it is pursuing a combination with National Advisors Trust, a $7.7 billion white-label trust platform. The deal would put a shared fiduciary utility under the ownership of one of its users.
On 7 October 2026 the Conservative leader promised that no one would pay inheritance tax on a family home left to children or grandchildren, plus a further £1m tax-free allowance for couples. It is an opposition pledge, published without detail, three weeks before a Labour Budget.
On 7 October 2026 the Financial Times reported that HSBC is consulting on cuts to around 70% of financial adviser roles in its UK wealth business, as the bank shifts towards AI-assisted and digital service. HSBC has not confirmed the figures.
On 1 October 2026 Nuveen, the TIAA-owned asset manager, completed its £9.9bn acquisition of Schroders. The wealth arm, including Cazenove Capital, is called central to the plan, but the continuity commitments to clients and teams are time-limited.
Singapore filings released in early October 2026 show Dyson distributed £750m to Weybourne Holdings for 2025, against £200m a year earlier and a pre-tax profit of £511m. What the numbers show about funding a family office from one operating business.
On 1 October 2026 BNP Paribas announced its entry into Nordic wealth management for UHNW clients, entrepreneurs and family offices, led by Stina Norrhede from SEB. The release sets out the ambition; the operating details are still to come.
Wealthy families now move between homes across several countries, most of them empty for much of the year. Jo Eccles, a London buying agent and property manager, on why running those portfolios has outgrown the in-house model.
P85 departure notices rose 32% to 69,000 in 2025/26, according to HMRC data published by UHY Hacker Young on 29 September 2026. The form is built for employees reclaiming PAYE, which limits what it says about wealthy leavers.
On 2 October 2026 Axis Capital, the Dublin firm co-founded by former banker Mark Duffy, said it was considering a cash offer for PTSB 7.7% above the agreed Bawag price, with no financing yet committed. PTSB called it highly speculative and conditional.
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