Where MFOs are based (top countries and US states)
The directory dataset lists 1,760 multifamily offices. The United States is the largest country location, with 725 firms. Switzerland follows with 219, while the United Kingdom has 84. Singapore, Brazil, Germany, Canada, France, Australia, and Hong Kong each have between 36 and 68 firms. Within the United States, California leads with 98 firms. New York and Florida follow with 97 each. Texas has 64, followed by Illinois with 40. Massachusetts and Pennsylvania have 30 and 29 firms. Colorado, Georgia, and North Carolina round out the 10 states shown. These counts describe where firms are based in the directory. They do not measure assets, office size, client count, or investment performance. The data source combines directory records with SEC Form ADV filings where available.
Takeaways
- The United States accounts for 725 listed multifamily offices, far more than any other country.
- Switzerland is the second-largest country location with 219 firms, followed by the United Kingdom with 84.
- California, New York, and Florida lead US states with 98, 97, and 97 firms.