Family Offices Expect More Alternatives Among Successors and Greater Next-Generation Credit Interest

U.S. family offices with a potential next-generation principal expect alternatives to occupy more of their portfolios, while offices overall anticipate greater successor interest in credit for building wealth. Bank of America released its 2026 Family Office Study Tuesday, Oct. 20, at 9 a.m. ET (13:00 UTC). The January and February survey included 355 U.S. family-office decision-makers whose offices held between $25 million and more than $5 billion in assets; most managed more than $500 million. Among offices with a potential next-generation principal, 79% expected alternatives to take a larger portfolio share, and 77% anticipated changes in philanthropic priorities.