Passing wealth safely to future generations a key priority for rich families

A multi-family office helped the family change some of its investments to be aligned with what the children cared about. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Protecting their wealth and ensuring it passes safely into the capable hands of the next generation are the key factors that spur the wealthy to set up family offices.

These were also the main concerns of Mr Derek Ong (not his real name), an entrepreneur in his 60s with business interests in South-east Asia. His family is engaged with a multi-family office with Golden Equator Wealth.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.