Rich families set up family offices in S'pore: What are they and how are they regulated?

In a nutshell, family offices provide structure and governance over wealth. ST PHOTO: LIM YAOHUI
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Dive deeper at $0.99/month

Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

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

  • 2-week e-paper archive so you never miss out on any topic that matters to you

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