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Independent Wealth Management Forum 2019 HK - Exclusive Insights - Tim George - 2

Tim George of Withers

Oct 28, 2019

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1. Why is Asia witnessing a proliferation of single-family offices (SFOs)?

Video transcript

1. Why is Asia witnessing a proliferation of single-family offices (SFOs)?

Asia can be a really big one for trends. What is the next-door neighbor doing? Single-family offices are all the talk of the town. I would argue that a lot of the single-family offices that are out there calling themselves “single-family offices” are, in reality, investment boutiques. So, I think perhaps the proliferation isn't quite the proliferation we think it is. That said, there is obviously a need for proper, functioning single-family offices with a CFO function, etc. I think probably that was led by a bit of an IPO trend last year where there's been a lot of events. But certainly the family office trend, I think, is triggered by a particular event as opposed to sort of springing up on the basis of advice.

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