Research on Factors Influencing High-Net-Worth Individuals in Asian Countries to Choose Family Offices in Singapore

DOI

10.2991/978-94-6463-054-1_47How to use a DOI?

Keywords

Family office; High-net-worth individuals; Wealth management; Wealth transfer; Singapore

Abstract

In recent years, the number of high-net-worth individuals has been increasing. Many high-net-worth individuals are concerned about wealth transfer, preservation, and appreciation, so they wish to take advantage of family office services to make their expectations come true. This article adopts secondary research as the major methodology, conducts analysis based on wealth transfer, preservation, and appreciation, and generates solutions on how Singapore is great to select to set up a family office. The result indicates that many high-net-worth individuals are sensitive while selecting successors. They expect their successors to have a good education background, have passionate about being the successor, and have the ability to preserve wealth and make wealth appreciated. In terms of wealth preservation and appreciation, high-net-worth individuals expect family office agencies to guide them in making investments, for example, offering them investment suggestions. No matter how to invest, the most important idea is to keep risk management in mind and constantly monitor the popularity of various investment fields, so that high-net-worth individuals can make better investment decisions.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xiaoyu Dong
PY  - 2022
DA  - 2022/12/14
TI  - Research on Factors Influencing High-Net-Worth Individuals in Asian Countries to Choose Family Offices in Singapore
BT  - Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
PB  - Atlantis Press
SP  - 435
EP  - 443
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-054-1_47
DO  - 10.2991/978-94-6463-054-1_47
ID  - Dong2022
ER  -