Pictet Group
Family offices: More than a badge of prestige
In this episode, Genevieve Cua speaks to Angie Han, Head of Wealth Planning for Pictet Wealth Management Asia, on the considerations to pay attention to in setting up a family office.
Families are increasingly centralizing the management of their complex wealth to adapt to global initiatives against offshore tax havens and ensure transparency, leading them to move their asset-holding structures onshore.
Singapore and Hong Kong's family office regimes offer attractive options due to tax treatment certainty, mobility, optionality, intergenerational continuity planning, and the opportunity to diversify investments and geographical exposure.
For instance, an Asian real estate development group established a family office in Singapore to manage their diverse assets and investments, streamline governance, and support wealth accumulation and preservation across generations.
Listen to the podcast to learn more about:
- 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
About WealthBT Podcast
Learn to protect and grow your wealth in this podcast series for affluent individuals, hosted by The Business Times wealth editor Genevieve Cua and Pictet experts in selected episodes.
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