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Rich families set up family offices in S'pore: What are they and how are they regulated?
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In a nutshell, family offices provide structure and governance over wealth.
ST PHOTO: LIM YAOHUI
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SINGAPORE - Family offices come in a range of shapes and sizes but their central mission statement - to manage wealth - rarely varies.
A single family office caters to the needs of just one family. Leaner ones can focus on investment and wealth management only, with a small team of just three to five professionals and a couple of family members.
