What Will You Get by Setting Up a Family Office in Singapore?
Have you been seeing advertisements for multi-family offices in Singapore? Then, it might be a sign that your family signed up for one! It will bring you plenty of benefits, especially if your family is concerned about wealth management. Here is what you should expect to get from them.
Team expertise
This industry is complex as it is, thus you would need a knowledgeable team who will inform you of everything that you need to know! Fortunately, you will have one if you decide to set up a family office in Singapore. Their main objectives are to help you maximise your wealth and achieve your financial goals.
The word family in the terms ‘family office’ means every member in your clan is involved with what happens to your wealth. This means that everyone will be informed when a portion of your family’s wealth is withdrawn to fulfil an investment. Moreover, it will be documented in the investment portfolio arranged by your trusted team.
Planning, planning, and planning
To extend your wealth for the next generations of your family, you would need to establish a lot of plans. This includes legacy planning, tax planning, will writing, among others. Your family office staff will help you formulate these plans and suggest effective strategies as well!
Advisory services
Having plenty of wealth, you cannot afford to make any hasty decisions. Thus, you should seek the advice of your team because they know the industry more than you do. Also, you would need to inform your family too because the money belongs to them too.
Lifestyle services
In a multi-family office in Singapore, you will get the benefits of lifestyle asset management! This means that your trusted family office staff will consider your cars, boats, and other items that do not produce disposable income to be included in your investment strategies!
Got all the documents your family needs in setting up a family office in Singapore? Contact Golden Equator Wealth to get you started! Visit their website to get their contact details today.
Resource:
https://visual.ly/community/Infographics/business/what-will-you-get-setting-family-office-singapore
