Inflation has become the leading concern among family offices, with 63% of respondents naming it their top risk, up from 37% in 2025. Yet investment behavior remains tilted toward equities: 46% increased public equity exposure over the past year, while just 12% reduced it. For the next 12 months, 37% plan to add developed-market equities and only 5% expect to reduce global developed-equity allocations. Digital assets have attracted less planned capital, with 3% expecting to increase holdings and 14% planning cuts. Citi Wealth’s survey covered 351 family offices in 41 countries. The report also found that 46% saw no significant barriers to increasing digital-asset allocations, although 27% cited insufficient internal expertise or governance frameworks, rising to 34% among North American offices. Citi said its next annual survey will show whether the planned reductions occurred. In the United States, equities account for 39.9% of household net worth, compared with 19.3% for home equity, according to Federal Reserve records.