Learn how affluent families in Asia can structure a family office to manage wealth, investments, and succession planning across generations.
Family offices are increasingly popular in Asia as families seek to institutionalize their wealth management. These private entities oversee investment portfolios, tax planning, estate structuring, and even family governance.
Key setup considerations include:
- Jurisdiction (Singapore, Hong Kong, UAE)
- Scope of services (investment, legal, concierge)
- Staffing (CIO, legal advisors, family council)
- Compliance and regulatory registration Many HNW families opt for a hybrid model—outsourcing asset management while keeping control over strategy and family governance. The goal is long-term sustainability and intergenerational continuity.
FAQs:
Q: Is a family office only for ultra-wealthy families?
A: Single-family offices usually start at $50M+, but multi-family structures are accessible at lower thresholds.
Q: What is the best jurisdiction for Asian families?
A: Singapore offers favorable tax treatment, regulatory clarity, and skilled financial professionals.
User Comments:
- “Moving from private banking to a family office was the best decision for our legacy.”
- “Singapore’s ecosystem supports both investment and trust management seamlessly.”
Editor's Note:
Starting a family office is not just financial—it’s strategic. Align goals, values, and vision from the start.
Tags: family office setup, wealth succession, Singapore, HNW strategy, estate planning
(Editors: admin)