01 June 2020 - Article
This programme is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met.
There has been a rise in both the number and AUM of family offices globally and a recent research report estimates there are 5,300 family offices in existence – including single family offices and private multi-family offices. As a result, private client advisors and wealth professionals are increasingly being asked to advise on the set-up, management, tax and regulatory regimes for family offices. To answer some of these questions, our panel of family office specialists aim to discuss the various structure of family offices in major wealth management hubs – Singapore, Hong Kong, Dubai, US, UK and Switzerland.
In the first session, we will discuss why there is no 'typical' family office. Notwithstanding that, based on our experience in setting up family offices around the world, there are broad similarities and differences in the family offices established in Asia, US and Europe. We will also discuss the possible reasons justifying such differences and examine if family offices will gradually evolve to look more alike or if they are likely to remain different because the core needs and culture of families in different jurisdictions and stage of evolution of their wealth are fundamentally different.
In the next session, we will discuss the regulatory, tax and other relevant regimes (such as immigration and disclosure requirements) for family offices in Singapore, Hong Kong, Dubai, US, UK and Switzerland, as well as how Singapore strives to remain competitive and attractive as a global family office jurisdiction. This session will also discuss the impact of transparency rules such as the Common Reporting Standard (CRS) rules on family offices in each of these jurisdictions.
•Early bird rates (for payment made before 1 April): S$200
•Standard rates (for payment made between 10 March and 15 April): S$250