Top Family Offices in Bermuda 2026

Key Facts

• Bermuda's government launched its Family Office Act in March 2024, creating a streamlined multi-license application through the Bermuda Monetary Authority (BMA).
• At least 15 firms in Hamilton provide dedicated family office or wealth management services, including multi-family offices (MFOs), trust companies, and specialist legal advisors.
• Bermuda levies no income tax, no capital gains tax, and no inheritance tax. A 15% corporate income tax took effect in January 2025, applying only to multinational groups with EUR 750 million or more in global revenue.
• The Economic Investment Residential Certificate (EIRC) grants long-term residency for a minimum $2.5 million allocation in local projects, businesses, or charitable giving.
• Family offices in Bermuda can access digital asset opportunities through the Digital Asset Business Act (DABA), enacted in 2018 and attracting firms like Circle, Coinbase, and Kraken.
• Section 47 of Bermuda's Trustee Act 1975 drives trust migrations from other jurisdictions by allowing amendment of administrative provisions without all beneficiaries' consent.
• UK non-dom regime changes and US tariff instability are pushing Asian, Latin American, and Canadian ultra-high-net-worth (UHNW) families toward Bermuda-based structures.

Bermuda Family Office Landscape Overview

Bermuda family offices rest on three pillars: tax efficiency, flexible trust law, and a single integrated regulator. The BMA oversees trusts, funds, insurance, reinsurance, and digital assets under one roof. This single-regulator model gives wealth structures a consistency that split-authority jurisdictions cannot match.

Hamilton, the island's capital and sole commercial center, hosts every major service provider. The 21-square-mile territory sits two hours by air from the US East Coast.

The Family Office Act of March 2024 lets a family office apply for up to six licenses through one submission. These cover capital management, fund administration, trustee services, corporate service provision, captive insurance, and a new exempt Family Investment Fund category. Five work permits receive immediate approval for family members, professionals, and trusted advisors.

Demand builds from multiple directions. The end of UK non-domicile status could drive a net loss of roughly 16,500 millionaires from the UK in 2025. US tariffs and political shifts have reduced the appeal of American structures for families in Asia, Latin America, and Canada. Bermuda's firewall legislation blocks foreign court orders against local trusts, giving relocating families asset protection that few offshore jurisdictions can equal.

Family Office Comparison

The following table profiles the leading firms in Bermuda and specialist service providers operating dedicated wealth management platforms. Most are headquartered in Hamilton.

Family Office	Type	Investment Focus	Services	Location
Lombard Odier (Bermuda)	MFO	Wealth management, trust administration	Private banking, external asset manager services	Hamilton
Butterfield Group (Bermuda Trust)	MFO	Bespoke trust and fiduciary solutions	Trust admin, private trust companies, estate planning	Hamilton
Clarien Trust Limited	MFO	Trust administration, estate planning, wealth management	Full-service trust, retirement funding, charitable trusts, intergenerational wealth education	Hamilton
St. George's Group Limited	MFO	Boutique fiduciary services for global HNW families	Trust admin, estate and tax planning, pension fund admin, private trust company management	Hamilton
Stonehage Fleming	MFO	Advisory for UHNW families and entrepreneurs	Wealth management, estate planning, legal and tax advisory, trust services	Hamilton
Ocorian (Bermuda)	MFO	Corporate services, fund administration	Trust and company admin, foundations, private trust companies, SPV administration	Hamilton
IQ-EQ (Bermuda)	Service Provider	Fund admin, family office services, insurance	SFO and MFO administration, corporate admin, luxury assets, capital markets	Hamilton
Apex Group	MFO	Global financial services for allocators and family offices	Fund admin, corporate services, private client services	Hamilton
Hamilton Trust Company Limited	MFO	Bespoke trust and corporate administration	Trust admin, accounting, wealth management, family office solutions	Hamilton
Appleby Global Services (Bermuda)	MFO	Wealth structuring for offshore clients	Wealth structuring, trust admin, corporate services	Hamilton

No individual assets under management (AUM) figures are publicly disclosed by Bermuda-based firms. This is consistent with the jurisdiction's emphasis on privacy. Lombard Odier's Bermuda presence dates to 1976, making it the longest-established international wealth manager on the island. Butterfield Group is Bermuda's largest domestic bank and trust provider. Clarien Trust stands out as the only local bank subsidiary offering a fully integrated platform combining banking, capital deployment, and trust services.

Top Picks by Strategy

• Longest Bermuda Track Record: Lombard Odier (Bermuda), present since 1976 and the first fully foreign-owned firm to receive a Bermuda trust license in 1992
• Best for Full-Service Domestic Banking + Trust: Clarien Trust Limited, the only local bank offering integrated trust, portfolio management, and family office services under one license
• Strongest Global MFO Platform: Stonehage Fleming, advising wealthy families with a multi-jurisdictional wealth management and estate planning network
• Top Choice for Boutique Fiduciary Needs: St. George's Group Limited, specializing in bespoke protectorship, pension fund, and private trust company management
• Best for Fund Administration + Family Office: IQ-EQ (Bermuda), combining SFO and MFO administration with fund services, insurance, and luxury asset capabilities
• Leading Legal Structuring for Family Offices: Conyers, with a dedicated team handling trust formation, aircraft and yacht registration, private equity, and immigration
• Best for Multi-Jurisdiction Offshore Structuring: Carey Olsen, offering family office legal services spanning Bermuda, BVI, Cayman, Guernsey, and Jersey

Top Family Offices in Bermuda in Detail

Lombard Odier (Bermuda)

No other international wealth manager has deeper roots on the island. Lombard Odier opened its Bermuda office in 1976 and became the first fully foreign-owned company to hold a Bermuda trust license in 1992. That four-decade presence gives the firm unmatched knowledge of Bermuda's evolving trust and regulatory landscape.

Its Hamilton office serves private clients, external asset managers, and families seeking wealth preservation through trust administration and private banking. Families migrating trusts to Bermuda under Section 47 benefit from Lombard Odier's experience navigating BMA requirements. The firm also coordinates with onshore advisors in Europe and North America.

Clarien Trust Limited

Clarien is the only Bermuda-headquartered bank offering a vertically integrated private wealth office platform. Its trust subsidiary handles estate planning, trust establishment, retirement funding, charitable trusts, and intergenerational wealth education.

Head of Trust and Family Office Jennifer Hanson Crockwell brings over 20 years in Bermuda's fiduciary sector and holds both CPA and TEP designations. Families can consolidate banking, portfolio management, and trust administration through Clarien's private banking arm without splitting relationships. That structure suits families new to Bermuda who want a single local counterparty.

Stonehage Fleming

One of the world's largest independent multi-family offices, Stonehage Fleming brings a global advisory framework to its Hamilton presence. The firm focuses on UHNW families and entrepreneurs managing wealth from one generation to the next. Its service model combines capital management, estate planning, legal advisory, and tax structuring into one coordinated platform.

In contrast to Bermuda-only providers, Stonehage Fleming can coordinate family governance structures spanning multiple jurisdictions. Families with complex cross-border holdings gain a single advisory relationship that bridges onshore and offshore planning. Those relocating from the UK following non-dom changes find this especially valuable.

St. George's Group Limited

This Hamilton-based boutique focuses exclusively on fiduciary services for high-net-worth families worldwide. St. George's Group offers trust administration, estate and tax planning, protectorship of trusts, pension fund administration, charitable trust management, and private trust company oversight.

Its smaller scale allows a high-touch service model where senior principals manage client relationships directly. Families seeking a purpose trust or private trust company structure will find St. George's Group among the most specialized providers on the island. Family members or trusted advisors can sit on the trustee board under these arrangements.

IQ-EQ (Bermuda)

IQ-EQ operates as a global financial services firm with deep capabilities in family office administration. Its Bermuda office serves both single family offices (SFOs) and multi-family offices. Services include fund administration, corporate administration, insurance support, and luxury asset management.

Global Head of Asset Owners Stuart Pinnington leads the firm's wealth platform strategy. Industry research shows private equity and venture capital allocations reaching 10 to 25% for SFOs. Families with complex fund structures or insurance-linked securities exposure benefit from IQ-EQ's ability to handle middle-office functions that most Bermuda trust companies cannot.

Conyers (Family Office Team)

Conyers fields the most complete legal team dedicated to family office structuring in Bermuda. Directors Helen E. Cooper and Craig W. MacIntyre co-head the practice. Their team covers trust and foundation formation, fund structuring, corporate oversight, private equity, aircraft and yacht ownership, and relocation services.

The firm operates from Bermuda, BVI, Cayman Islands, and Hong Kong. This gives families a single legal advisor for multi-jurisdictional structures. Families establishing a new office in Bermuda typically engage Conyers or a peer firm as their first step, since BMA registration, AML/KYC compliance, and structure selection require specialized local counsel.

Carey Olsen (Bermuda)

Carey Olsen brings one of the strongest offshore private wealth legal practices to the Bermuda market. The firm advises on asset protection, family office structuring, ESG factors, private trust companies, succession planning, and charitable giving. Its five-jurisdiction network (Bermuda, BVI, Cayman, Guernsey, Jersey) makes it the natural choice for families with structures spanning multiple offshore centers.

Bermuda-based lawyers Keith Robinson and Graham Stoute lead the island practice. Carey Olsen also assists with family constitutions and decision-making charters. These documents are a growing priority as wealthy families formalize frameworks for next-generation wealth transfer.

Alexanders (Bermuda)

Alexanders positions itself as a one-stop advisory for families entering the Bermuda ecosystem. Its service range spans family office setup, portfolio management, trust solutions, charitable giving, aviation and maritime registration, banking coordination, fund administration, and risk management.

That breadth makes Alexanders distinctive among Bermuda advisors. Most competitors specialize in either legal structuring or trust administration. Alexanders bundles operational and advisory services into one relationship. Families wanting a concierge-style setup process, from BMA registration through office establishment and banking relationships, will find Alexanders designed for that workflow.

Trends Shaping This Market

Fixed Income Rotation After US Tariffs

A survey of family office professionals in Bermuda, Cayman Islands, and Mauritius found that 44% shifted capital from equities into fixed income following US tariff announcements. Bermuda-based firms face particular exposure to this trade policy risk given the island's proximity to US markets and the dollar-denominated nature of most client portfolios. Insurance-linked securities, a Bermuda specialty, offer an uncorrelated alternative that local firms increasingly use to hedge macro volatility.

Digital Asset Allocation Through DABA

Bermuda's Digital Asset Business Act (DABA), enacted in 2018, created a tiered regulatory regime that attracted Circle, Coinbase, Kraken, and XBTO Global. Private wealth offices on the island adopt a "barbell approach," combining cautious core exposure to established digital assets with venture-style positions in blockchain startups. The BMA's oversight of digital assets alongside traditional finance gives families regulatory consistency that fragmented regimes in the US and EU cannot yet provide.

Trust Migrations via Section 47

Section 47 of Bermuda's Trustee Act 1975 allows trustees to apply to amend administrative provisions without obtaining consent from all beneficiaries. This provision drives a measurable increase in trust migrations from jurisdictions where changing tax laws have made existing structures unfit for purpose.

Combined with firewall legislation that blocks foreign court orders against local trusts and no maximum perpetuity period for trusts established after August 2009, Section 47 gives Bermuda a structural advantage. The island attracts intergenerational wealth from the UK, Europe, and Asia as a result.

Private Markets and Co-Investment

Private equity and venture capital remain core holdings for family offices globally. SFO allocations reach 10 to 25% in these asset classes. In Bermuda, direct investments and co-investment opportunities are a key draw. They offer control, alignment with long-term family objectives, and access to bespoke deals.

The island's established insurance and reinsurance sector, home to over 1,200 insurers, provides additional deal flow in insurance-linked securities and catastrophe bonds. Few other offshore jurisdictions can match this pipeline.

How to Evaluate a Family Office in Bermuda

Bermuda's market features MFOs and service providers rather than standalone SFOs. Families should first determine whether they need a full-service MFO like Clarien Trust, a legal structuring firm like Conyers or Carey Olsen, or an administrative platform like IQ-EQ. In practice, most Bermuda-based families combine two or three providers rather than relying on one firm.

Banking due diligence timelines are a practical concern unique to this jurisdiction. Opening accounts in Bermuda requires thorough AML and KYC documentation. The process can take longer than in larger financial centers. Families should prepare compliance policies early and engage local counsel before initiating banking relationships. Clarien emphasizes compliance readiness as a factor that speeds BMA regulatory reviews.

The Family Office Act's streamlined licensing determines which services a firm can perform in-house versus outsource. A family wanting to manage its own capital, administer trusts, and run a captive insurance company can now apply for all three licenses in a single BMA submission. Each license still carries ongoing reporting and compliance obligations. Families should weigh the cost of maintaining multiple licenses against outsourcing specific functions to firms like Alexanders or Apex Group.

Residency pathways should also factor into the evaluation. The EIRC requires a $2.5 million allocation but grants long-term residency. Flexible five-year permits offer a lower-commitment alternative. The Family Office Act provides immediate approval of five work permits, but additional permits require immigration approval tied to a business plan. Families relocating principals and staff should model immigration costs alongside operational expenses.

Which Family Office Fits Your Needs?

UHNW families seeking a single-provider solution in Bermuda should start with Clarien Trust or Lombard Odier. Clarien offers the only integrated banking, portfolio management, and trust platform headquartered on the island. Lombard Odier brings nearly five decades of Bermuda experience and a global private banking network. Both serve families that want to consolidate relationships rather than coordinate multiple advisors.

Business owners planning liquidity events or those structuring direct allocations will benefit from the legal expertise at Conyers or Carey Olsen, combined with administrative support from IQ-EQ or Apex Group. This two-firm approach separates legal structuring from ongoing administration. It reduces conflicts of interest and gives families flexibility to change providers. For instance, families with aircraft, yachts, or other luxury assets should note that Alexanders and Conyers both handle registration and ownership structures.

Next-generation wealth holders and families formalizing decision structures for the first time should prioritize firms offering family constitution drafting and succession planning. St. George's Group provides private trust company management where family members sit on the trustee board. Carey Olsen prepares oversight documentation designed to reduce disputes over how wealth is managed long-term. Stonehage Fleming's global platform adds cross-border coordination for families with assets and members in multiple countries.

Methodology

This guide profiles leading family offices in Bermuda based on publicly available data from firm websites, BMA regulatory filings, the Bermuda Business Development Agency (BDA), and government publications including the March 2024 Family Office Act announcement. Office selection prioritized firms with dedicated services or platforms operating from Hamilton. No managed assets rankings were possible because Bermuda-based firms do not publicly disclose individual figures. The bermuda family office market is evolving rapidly following the Act's introduction. Families should verify current licensing status and service offerings directly with providers. Data reflects conditions as of early 2026.