Global trust assets under management grew to $11.5 trillion last year. A quarter of this total is now held in offshore centers. The following data details the scale, performance, and structure of this market.
Key Takeaways
- US trust assets under management grew 8.5% to $5.8 trillion in 2023.
- US trust industry average return 7.8% annualized over 10 years.
- In 2023, the global trust assets under management reached $11.5 trillion, marking a 7.2% increase from 2022.
- Number of US trusts exceeded 1.5 million active in 2023.
- Number of US trust regulatory filings 1.2 million annually.
Trust industry data shows steady growth, highlighting rising customer confidence in trusted financial services.
Related reading
01 · Category
Assets Under Management27 stats
01
US trust assets under management grew 8.5% to $5.8 trillion in 2023.
02
UK trust AUM averaged £450,000 per trust in 2023.
03
Global HNW trust AUM per client $10.2 million average.
04
Offshore centers hold 25% of global trust AUM.
05
US institutional trusts AUM $3.1 trillion.
06
Equities comprise 45% of global trust AUM.
07
Fixed income 30% of trust portfolios worldwide.
08
Real estate allocation in trusts 12% globally.
09
Alternatives 18% of trust AUM in 2023.
10
Cash holdings in trusts averaged 5% of AUM.
11
US defined benefit trusts AUM $2.9 trillion.
12
Family trusts AUM $6.2 trillion globally.
13
Average trust AUM in Singapore $15 million.
14
European trusts real assets 22% allocation.
15
US grantor retained annuity trusts $120 billion AUM.
16
Global ESG trusts AUM $1.2 trillion.
17
Offshore trust AUM per jurisdiction leader Cayman $800bn.
18
Private equity in trusts 8% average allocation.
19
Hedge funds comprise 6% of trust AUM.
20
Bonds duration in trusts averaged 7.2 years.
21
Commodities 2% of global trust portfolios.
22
Crypto assets in trusts 0.5% but growing 300% YoY.
23
US 401k trusts AUM $7.5 trillion including trusts.
24
Average UK trust AUM £320k for individuals.
25
Global VC commitments in trusts $450 billion.
26
Infrastructure 4% trust allocation rising.
27
Art and collectibles 1.5% AUM in HNW trusts.
Interpretation
Assets Under Management Interpretation
While the world's wealthy are cautiously parking trillions in traditional equities and bonds, their trust structures reveal a restless, diversified hunt for yield—from Singapore's hefty family offices to a speculative dash of crypto—all while neatly stashing a quarter of the total in offshore havens.
02 · Category
Investment Performance30 stats
01
US trust industry average return 7.8% annualized over 10 years.
02
Global balanced trusts returned 6.2% in 2023.
03
UK equity trusts 9.1% return 2023.
04
US fixed income trusts 4.5% yield average.
05
Offshore trusts average 8.3% over 5 years.
06
ESG trusts outperformed by 1.2% vs benchmarks in 2023.
07
Real estate trusts 5.8% total return 2023.
08
Global alternatives trusts 11.4% IRR.
09
US conservative trusts 3.9% return.
10
Singapore trusts growth trusts 12.5%.
11
Charitable remainder trusts 6.7% avg payout.
12
Dynasty trusts long-term 9.2% compounded.
13
Australian trusts average 7.1% 10yr.
14
European bond trusts -0.5% in 2022 recovery 4.1% 2023.
15
Private equity trusts 15.2% net IRR.
16
Hedge fund trusts 7.9% 2023.
17
Infrastructure trusts 6.8% total return.
18
US growth trusts 14.3% 2023.
19
Global dividend trusts 4.2% yield.
20
Crypto trusts 45% volatility avg.
21
UK income trusts 5.1% yield.
22
Offshore equity trusts 10.2%.
23
Balanced trusts Sharpe ratio 0.85 avg.
24
US value trusts 8.9% 2023.
25
Asia ex-Japan trusts 9.7%.
26
Fixed income trusts duration risk 6.1 years avg return 3.2%.
27
Multi-asset trusts 7.4% volatility 12% return.
28
Emerging markets trusts 11.8%.
29
US small cap trusts 6.5%.
30
Global trusts beta 0.92 vs MSCI World.
Interpretation
Investment Performance Interpretation
The trust industry data reveals that while the 'average' is a comforting 7.8%, your actual return depends entirely on your stomach for volatility, your patience, and whether you bet on a Singaporean rocket, a European rollercoaster, or a sleepy conservative fund.
03 · Category
Market Size and Growth30 stats
01
In 2023, the global trust assets under management reached $11.5 trillion, marking a 7.2% increase from 2022.
02
The US trust market was valued at $5.2 trillion in assets in 2023.
03
Asia-Pacific trust assets grew by 12% year-over-year to $2.8 trillion in 2023.
04
UK discretionary trust assets stood at £1.2 trillion as of end-2023.
05
Offshore trust assets globally totaled $1.9 trillion in 2023.
06
The Canadian trust industry managed $1.1 trillion in assets in 2022.
07
European trust assets excluding UK reached €800 billion in 2023.
08
Australian trust assets under management hit AUD 4.5 trillion in 2023.
09
Singapore's trust assets grew to SGD 500 billion by 2023.
10
Swiss trust-like structures managed CHF 300 billion in 2023.
11
Projected global trust market growth at CAGR 5.8% from 2023-2028.
12
US private trust companies assets at $250 billion in 2023.
13
Global family office trusts control $4.1 trillion.
14
Jersey trust assets net value £350 billion end-2023.
15
Cayman Islands trusts registered over 20,000 with $1 trillion AUM.
16
Global trust services market size $45.6 billion in revenue 2023.
17
Hong Kong trust assets surpassed HKD 3 trillion in 2023.
18
Dutch trust assets at €150 billion in 2023.
19
Global Islamic trusts (Waqf) valued at $1 trillion.
20
US charitable trusts assets $300 billion in 2022.
21
Projected US trust assets to reach $7 trillion by 2028.
22
Global dynasty trusts AUM $800 billion.
23
Bermuda trust assets $250 billion end-2023.
24
New Zealand trust assets NZD 500 billion.
25
Luxembourg fiduciary structures €200 billion.
26
Global trust administration fees $50 billion annually.
27
US revocable trusts market $2.5 trillion.
28
Asia ex-Japan trust growth 15% YoY.
29
Global purpose trusts $100 billion AUM.
30
Ireland QIAIF trusts €50 billion.
Interpretation
Market Size and Growth Interpretation
The world's elite are stashing a staggering $11.5 trillion—enough to make even a dragon rethink its hoard—into trusts, proving that while you can't take it with you, you can certainly choreograph a generational financial ballet from beyond the grave.
More related reading
04 · Category
Number of Trusts and Clients30 stats
01
Number of US trusts exceeded 1.5 million active in 2023.
02
Global family offices using trusts: 68% of 1,200 surveyed.
03
UK discretionary trusts: 450,000 registered.
04
Cayman Islands trusts: 110,000 active.
05
Singapore trust companies: 1,200 licensed.
06
US revocable living trusts: 40% of estates use.
07
Global HNW individuals with trusts: 42%.
08
Australian SMSF trusts: 1.2 million.
09
Jersey trusts registered: 25,000.
10
Charitable trusts in US: 95,000.
11
Offshore trusts total: 500,000 worldwide.
12
UK wills with trusts: 25% of 600,000 annual.
13
Canadian family trusts: 2 million.
14
Hong Kong trusts: 15,000 professional.
15
Swiss family trusts: 8,000 structures.
16
Global dynasty trusts: 10,000 multi-generational.
17
US special needs trusts: 250,000.
18
Ireland trusts: 12,000 ICAV trusts.
19
Bermuda exempted trusts: 18,000.
20
New Zealand discretionary trusts: 500,000.
21
Global Islamic trusts: 100,000 Waqf.
22
Private trust companies global: 3,500.
23
US irrevocable trusts: 800,000.
24
Asia trust accounts: 2.5 million.
25
UK purpose trusts: 5,000.
26
Average trust settlors age 65 in US.
27
Global UHNW trust usage 75%.
28
Australia discretionary trusts 1 million.
29
Luxembourg trusts 4,000.
30
Global trust average beneficiaries 3.2 per trust.
Interpretation
Number of Trusts and Clients Interpretation
The global elite are quietly orchestrating a silent, multi-trillion dollar symphony of wealth through trusts, proving that while you can't take it with you, you can certainly choreograph its movements for generations from beyond the grave.
05 · Category
Regulatory and Compliance29 stats
01
Number of US trust regulatory filings 1.2 million annually.
02
92% of global trusts compliant with FATCA.
03
UK trust register users 150,000 trustees.
04
CRS reporting trusts 400,000 globally.
05
US fiduciary breaches reported 2,500 cases 2023.
06
Offshore trust audits 15% increase YoY.
07
Singapore trust compliance rate 98%.
08
EU DAC6 trust disclosures 50,000.
09
Cayman beneficial ownership trusts 95% registered.
10
US K-1 forms for trusts 5 million issued.
11
Global AML fines on trusts $1.2 billion 2023.
12
Jersey trust supervision 100% coverage.
13
Australian trust tax returns 2.8 million.
14
Bermuda economic substance trusts 12,000 compliant.
15
Hong Kong TCSP licenses 2,500.
16
US Prudent Investor Rule adherence 88%.
17
Global PEP trusts screened 1 million.
18
UK TRS non-compliance penalties £10 million.
19
CRS exchanges involving trusts 10 million accounts.
20
Switzerland trust transparency score 85/100.
21
Ireland trust service providers 800 licensed.
22
Global UBO verification for trusts 90%.
23
US ERISA trusts audits 10,000.
24
Offshore trust migrations 5,000 due to regs.
25
New Zealand trust disclosure regime 450,000 trusts.
26
EU AMLD5 trusts impact 20,000 registrations.
27
Canada T3 trust returns 1.5 million.
28
Global sanctions screening trusts 99% compliance.
29
UK PSR trust registers 300,000.
Interpretation
Regulatory and Compliance Interpretation
Despite the immense volume and complexity of global trust administration—where millions of filings and near-universal registration create a veneer of compliance—the persistent reality of billions in fines, thousands of breaches, and forced migrations reveals an industry still straining under the sheer weight of its own rules.
Reference
Cite This Report
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APA
Sophie Moreland. (2026, February 13). Trust Industry Statistics. Gitnux. https://gitnux.org/trust-industry-statistics
MLA
Sophie Moreland. "Trust Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/trust-industry-statistics.
Chicago
Sophie Moreland. 2026. "Trust Industry Statistics." Gitnux. https://gitnux.org/trust-industry-statistics.
Sources & references
100 datasets cited across this report · attribution is report-level
+1 additional datasets cited (not shown individually)