Empowering Wealth
FAMILY OFFICE LANDSCAPE IN SINGAPORE
Factoid: The term ‘single family office’ (SFO) is not defined under Singapore’s Securities & Futures Act. An SFO typically refers to an entity that manages assets for or on behalf of only one family and is wholly owned or controlled by members of the same family.
Factoid: SFOs are not registered with or licensed by a financial regulator, given that they do not manage third-party money.
200 Approximate number of single-family offices (SFOs) in Singapore
>US$100 MILLION (S$136 MILLION)
Typical assets under management of each SFO
US$20 BILLION (S$27 BILLION)
Estimated total assets under management by SFOs in Singapore
5X Estimated increase in assets managed by SFOs from 2017 to 2020
