A growing number of wealthy Americans are establishing family offices. These institutions offer a full range of services to the ultra-rich, including wealth management and personal affairs. They are large and operate discreetly, and their influence on Wall Street and the US economy as a whole is steadily increasing. Deloitte data shows that US family offices currently manage approximately $5.5 trillion in wealth, a 67% increase from five years ago; this figure is projected to reach $6.9 trillion this year and surpass $9 trillion by 2030. Deloitte also predicts that in the coming years, the assets managed by family offices will exceed those of hedge funds. Deloitte data shows that there are currently over 8,000 single-family offices globally, an increase of about one-third from 6,130 in 2019, and this number is expected to exceed 10,000 by 2030. Major banks and other financial institutions are eager to meet the diverse needs of family offices, while entrepreneurs and investment managers are vying for a share of the enormous wealth held by these wealthy families.