Let’s talk numbers. In 2017, Singapore had fewer than 100 family offices. By 2023, that number skyrocketed past 1,100 and is expected to cross 1,500 by 2026, according to MAS and industry estimates. This is a 15x growth within 10 years.

Managing both the finances and private needs of ultra-high-net-worth individuals and families is now largely the role of family offices. Family office capital introduction services help bring family offices closer to top chances to invest and save assets for future generations. All those involved in the changing world of family office wealth management must understand this role.

Private banking is the traditional wealth management method for ultra-high-net-worth individuals throughout Singapore and Southeast Asia. However, when families expand and their finances become intricate, they select family offices for enhanced control, adaptability, and inheritance planning abilities.