The number of single family offices (SFOs) has increased by 38 percent in the last two years, according to research organisation Campden Wealth.

There are now an estimated 7,300 SFOs worldwide, with assets under management (AuM) totalling $5.9 trillion.

The largest proportion of these are based in North America (42 percent or 3,100 offices), followed by Europe (32 percent or 2,300 offices), Asia Pacific (18 percent or 1,300 offices), and the Emerging Markets of South America, Africa, and the Middle East (eight percent or 600 offices).

Emerging markets have grown the most (50 percent), followed by Asia Pacific ...