Citigroup Wealth's annual survey of 351 family offices shows that 63% of respondents cited inflation as their top investment concern for 2026, up from 37% in 2025; while concerns about trade disputes and tariffs fell to 18% from 60% last year. Despite increased inflation concerns, family offices continue to prioritize growth, planning to increase allocations to public equities, private equity, and direct investments over the next 12 months.