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Published: May 27, 2024
Family offices: More than a badge of prestige (Ep 38)
This episode was brought to you by
Angie Han
head of wealth planning AT PICTET
More and more affluent families are realising the importance of wealth planning for the next generation.
For these business families, the wealth is significant enough for them to consider strategies for a multi-generational legacy, for professional management of their various assets, and for philanthropic causes.
This had led to a marked increase in the number of family offices being set up in Singapore. The city-state has emerged as an attractive location for family offices in Asia. The country’s robust regulatory framework, stable economy, favourable tax and regulatory conditions, talented workforce, and strategic geographical location are key draw factors.
But how do you know when you need a family office? What does it take to set one up?
Genevieve Cua, wealth editor of The Business Times, speaks to Angie Han, head of wealth planning for Pictet Wealth Management, to tackle these questions and more.
Highlights
02:40
05:00
10:58 13:38
16:03
16:41
Some major drivers for the decision to establish a family office
Helping families to crystallise their objectives
Does a family office replace a trust?
Single family office vs multi-family office and other structures
Size threshold for single family office
Challenges to ensure family office continuity
Wealth Management
Produced by: Howie Lim (howielim@sph.com.sg), Claressa Monteiro & Lee Kim Siang Edited by: Howie Lim & Claressa Monteiro
btvisual: CHARMAINE MARTIN
Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisers for independent advice.
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02:40
05:00
10:58 13:38
16:03
16:41