In recent years, Hong Kong has emerged as a leading hub for single-family offices (SFOs), attracting high-net-worth individuals and private families from around the world. To further strengthen its position as an international wealth management center, the Hong Kong government has introduced a number of tax incentives to encourage the establishment and operation of family offices in Hong Kong.
Ultra High Net Worth Individuals (UHNWIs) and High Net Worth Individuals (HNWIs) can no longer ignore the technological shift in wealth management — digital onboarding — in an era where digital transformation is redefining industries. It is a pivotal shift in financial services and business operations that combines efficiency, security, and personalization.
The carefree days for Family Offices may be coming to an end, and may even be over. While they have long turned their attention to uniting their members and succession planning, in a situation of low rates and high profits, the picture is now changing - for the worse.
Building a successful business is a difficult task. But an even more difficult task is successfully passing it on to heirs. We can immediately cite the example of one of the world's best-known yet oldest car companies - Ford.
Is it better to build an in-house investment team or to outsource the whole investment management process? For many family offices, combining internal and external expertise is often the most effective way to reach success.
Why are billionaires and people with a lot of money running to Monaco? Why do rich people from all over the world come to this tiny Mediterranean country?
Hong Kong is emerging as a philanthropic powerhouse in Asia, thanks to its cultural diversity, strong business sector, and history of social responsibility. It's set to become a regional hub for philanthropic efforts, attracting those who want to make a social impact.
In the ever-evolving world of wealth management, understanding the latest trends can provide UHNWIs and HNWIs with the competitive edge they need. As 2023 unfolds, Single Family Offices (SFOs) face unique challenges and opportunities, making it crucial for UHNWIs to stay ahead of the curve. In this article, we delve into the top 10 SFO trends and their implications for high-net-worth individuals.

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