Family Office Services
As Asia develops economically, Asian entrepreneurs have grown from wealth accumulation to family succession planning. With the region's maturing wealth, we sit on the cusp of an inter-generational wealth transfer in the coming 10 to 20 years. The growth in HNW families has driven the rise and demand of family offices in Asia. Singapore has been well established as one of the leading private banking and wealth management centres globally and in Asia. Singapore’s comprehensive financial regulations and laws, favourable tax incentives, along with its political and economic stability make the island nation a very attractive jurisdiction for all types of organisations, ranging from multinational companies to family offices. According to the Monetary Authority of Singapore (MAS), the number of family offices in Singapore rose five-fold between 2017 and 2019. Total number of family offices in Singapore has doubled to 400 in 2020. In FY2020/2021 MAS Report, AUM has reached US$3.48 trillion