Singapore’s financial district. Photo: AFP
How Asia’s new money is driving boom in ‘family offices’ in Hong Kong and Singapore, set up as one-stop shops for all wealth management needs
- The family office is a relatively new concept in Asia, with less than 500 such entities, compared to thousands in the West
- They offer a comprehensive solution to managing the wealth of the rich, including investments, charitable giving, taxation and wealth transfer
Topic |
Wealth management
Singapore’s financial district. Photo: AFP