Wealth Preservation In Asia: A Paradigm Shift

There is a paradigm shift in wealth preservation of high-net-worth (HNW) families in Asia. But what has caused this shift and what really is the goal of family offices at the end of the day? Having worked extensively with a number of HNW families, Rudy Tan, Director at Ocorian Singapore Trust Company Pte Ltd, a wholly owned subsidiary of Ocorian, shares his thoughts.

Let's begin with the goal of a family office. What exactly is it? When the concept of family office became popular less than a decade ago, the goal was simple - preserve the wealth that had been created by past or present generations. Astute investment management was the key to achieve this goal and everything else was secondary.