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.
A multi-family office helped the family change some of its investments to be aligned with what the children cared about.PHOTO: ST FILE

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.

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