AI is giving family offices new ways to scale research and day to day work. Family Office Club events have included workshops where centimillionaires and decamillionaires shared how they use AI. But the excerpts also point to limits: AI may help establish a baseline, while assessing people and exceptional founders still calls for human judgment.
Where family offices are using AI
AI is becoming a practical topic for family offices through workshops and peer discussions. At two January masterminds, participants discussed how they use AI to scale their work and shared ideas in small groups. That suggests one immediate change: family offices can compare approaches with peers, rather than treating AI only as a technical issue.
For offices with small teams, tools that help scale work may be especially relevant. One excerpt describes a lean single family office model with one or two full-time professionals and other services outsourced. AI could fit into that kind of operating model, though the supplied material does not identify specific tools or document a particular office's results.
What AI can and cannot do
AI may help with research and analysis, but the excerpts caution against relying on it to assess people. In a discussion about diligence, a speaker questions whether AI can replace meeting people directly. Another speaker observes that models trained on common industry knowledge may miss what makes an exceptional founder or executive different.
That points to a useful boundary: AI can contribute information and support a team's work, while people remain responsible for interpreting context, testing assumptions, and making relationship based judgments. The excerpts do not establish that AI has replaced any family office function.
What is at stake for a family office
Family offices operate in a growing field, but the available figures measure different things. Deloitte estimated 8,030 single family offices worldwide in 2024 and projected 10,720 by 2030 (Deloitte, 2024). That estimate describes offices, not AI adoption. It provides context for why operating practices, including the use of new tools, are receiving attention.
For families considering AI, the event discussions offer a starting point: learn from peers, identify tasks where a tool might help, and keep human judgment central to sensitive decisions. The supplied excerpts do not provide measured productivity gains or a named case study, so specific benefits will depend on how an office uses and evaluates the tools.
From Family Office Club events
"We had five decimillionaires and centimillionaires at each mastermind talking about how they use AI right now to scale, but we also had small group sessions in the room and fielded ideas from the small groups on how everybody is using AI in real time."
Sources
- Deloitte Private, Family Office Insights Series Global Edition 2024: deloitte.com
- Family Office Club event transcript
- Family Office Club event transcript
- Family Office Club event transcript
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