UHNIs are seeking the exclusivity of luxury through immersive travel and favoring personal encounters over ostentatious and well-known locations in the age of social media and exponential riches at their disposal. The emphasis has shifted from extravagant vacations to getaways that emphasize enhancing the mind and spirit, where customization is valued more than cost, and where “quiet” luxury is prioritized. Rich people look for upscale concierge services that can accommodate all of their needs, whether it’s reservations at the world’s most prestigious Michelin-starred restaurants or tickets to the Grand Prix or Wimbledon, two of the greatest sporting events. The increased need for concierge services, which are now essential for HNIs looking for specialized solutions, has been fueled by this change in the definition of wealth.
Entrust Family Office is at the forefront of this trend, providing discreet and highly customised services that redefine luxury as the art of living limitlessly and guaranteeing seamless pleasures. Concierge services are a vital addition to the family office, helping with everything from property management and trip planning to last-minute bookings and finding rare artefacts. Furthermore, Entrust guarantees a comprehensive strategy, effectively incorporating accounting, taxation, succession planning, estate and legacy planning, CFO services, and morewhile meeting their clientele’s various demands.
Family offices have proactively adjusted to meet the changing needs of high net worth individuals (HNIs) by providing full, end-to-end concierge services and by continuously innovating to meet their customers’ ever-changing expectations. These days, family office concierge services serve as the focal point for requests and assignments, making sure that no work is too big or detail too little.
With the worldwide market for concierge services expected to expand at a compound annual growth rate (CAGR) of 6.10% by 2030, these services are increasingly essential for serving the ultra-wealthy and enabling a life in which everything is taken care of. It’s an effortless way of life where leisure and luxury coexist.
The concept of wealth is evolving and the role of bespoke services is enhancing. If this interests you, we can explore this opportunity further with Mr. Rajmohan Krishnan, Principal Founder and Managing Director, Entrust Family Office who would be happy to write an opinion or authored piece on the below topics –
- What Is Wealthy: Shifting from a focus on material accumulation to experiences, freedom, and opportunity
- Luxury Meets Leisure: Enjoying tailored travel, exclusive access, and streamlined lifestyle management, all expertly handled by a dedicated professional for a sophisticated experience
- How Much Wealth Is Too Much: Exploring the concept of abundance and when excess begins to lose meaning
- Mindset of the Wealthy: How the ultra-wealthy view time, resources, and personal fulfilment as core components of their wealth
- Concierge Services: Enabling a lifestyle where convenience, time, and luxury come together to define wealth
- Role of Family Offices: Leveraging trust, expertise, and networks to deliver highly personalized concierge services
