Breakingviews - The Surge of Family Offices Highlights Elite Inequality
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2025
0mins
Source: Reuters
Growth of Family Offices: Single-family offices are expanding rapidly, with assets under management projected to reach $5.4 trillion by 2030, reflecting a significant increase in their influence in private markets.
Emerging Divide: A stark divide is forming between larger family offices, which operate similarly to traditional asset managers, and smaller ones, leading to disparities in governance, investment strategies, and access to lucrative deals.
Impact of Market Conditions: Current market pressures, including high interest rates and challenges in private equity exits, are pushing smaller family offices to sell off illiquid holdings, allowing larger offices to acquire assets at discounted prices.
Concentration of Wealth and Influence: A small number of wealthy families are gaining substantial control over private assets, reshaping the financial landscape and creating a hierarchy that influences market dynamics and talent acquisition in the finance sector.
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Analyst Views on WMT
Wall Street analysts forecast WMT stock price to fall
26 Analyst Rating
25 Buy
1 Hold
0 Sell
Strong Buy
Current: 133.640
Low
119.00
Averages
125.75
High
136.00
Current: 133.640
Low
119.00
Averages
125.75
High
136.00
About WMT
Walmart Inc. is a technology-powered omnichannel retailer. The Company is engaged in the operation of retail and wholesale stores and clubs, as well as eCommerce Websites and mobile applications, located throughout the United States (U.S.), Africa, Canada, Central America, Chile, China, India and Mexico. It operates in three reportable segments: Walmart U.S., Walmart International and Sam's Club U.S. The Walmart U.S. segment includes the Company's mass merchandising concept in the U.S., as well as eCommerce, which includes omni-channel initiatives and certain other business offerings such as advertising services. The Walmart International segment consists of the Company's operations outside of the U.S. through its subsidiaries, as well as eCommerce and omni-channel initiatives. The Sam's Club U.S. segment includes the warehouse membership clubs in the U.S., as well as samsclub.com and omni-channel initiatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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