JPMorgan Private Bank said artificial intelligence is the top investment priority for family offices, even as most still report no bitcoin exposure and limited allocations to the private markets where much of the AI buildout is happening.
The bank’s 2026 Global Family Office Report surveyed 333 single family offices across 30 countries, with an average net worth of $1.6 billion.
AI demand, but portfolios lag
The report said 65% of respondents plan to prioritize AI investments.
Yet it found 57% have no exposure to growth equity and venture capital, and more than 70% have no infrastructure investments, despite AI’s dependence on data centers, power, and digital buildout.
William Sinclair, global co-head of the family office practice at JPMorgan Private Bank, said:
“We’re having a lot of dialogue with families around how they think about investing in AI adjacent, where they don’t have to pick which is going to be the winner.”
Geopolitics rises, bitcoin remains sidelined
Geopolitics was cited as the top risk by 64% of family offices.
Despite that, the report said 72% have no gold exposure and 89% have no exposure to bitcoin or other digital assets.
It also showed a 0.4% average allocation to digital assets globally.
Inflation pushes alternatives
Family offices most concerned about inflation allocated nearly 60% of capital to alternatives, about 20% above the global average, with a preference for hedge funds and real estate.
