Family Office
A Family Office is a private wealth management advisory firm set up by a family to oversee the day to day administration and management of assets and investments with the goal of preserving wealth and transferring it to the next generation.
Benefits of a Family
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Build a longterm family legacy;
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Family Succession Risk management through risk consolidation
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Centralization of professional, advisory and consultancy services
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Potential higher returns of investment
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Opportunity to unite the family around common values
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Next-generation planning
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Privacy and confidentiality
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Governance and management structure
Singapore as the preferred jurisdiction for Family Office
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Pro-business environment
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Preferred gateway to Asia
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Clear and transparent legal and regulatory framework
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Politically stable economy
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Attractive hub for foreign talent and with excellent infrastructure Pro-business environment
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A choice of 3 attractive tax exemption schemes regimes
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Good corporate and trust laws, strong judicial system
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Strong support from investment, trust and advisory professionals
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Ease of relocation of Family Office staff
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High standard of living (low crime, good healthcare and education system)
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Competitive tax regime
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Attractive tax treatment for investment holding companies and Family Offices
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Attractive Singapore Fund Tax Exemption schemes
Wealth planning
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Structuring and establishment of Family Office
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Family business succession and governance planning
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Complex Trust Solutions: Private Trust Company, Pre IPO, LISTCO
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Charitable and philanthropic solutions
Wealth management
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UHNW Investment Centre of Excellence
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Premium Advisory and execution
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Direct access to product specialists FAMILY OFFICE
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Alternative investment − Hedge funds − Private equity − Direct investments
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DPM/APM
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Bespoke lending solutions
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Corporate banking/investment banking advisory (through Professional partners )
Advisory
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Risk management and liquidity planning Wealth management
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Tax advisory
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Legal advisory
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Educational programmes for next generation and family members
Administration
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Consolidating and reporting services
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Portfolio aggregation
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Realised income and capital gains report from top tier accounting firm
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WCA can help you structure a Family Office
Design Phase
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Understand and engage a family in relation to their needs
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Collaborate with external legal and tax advisors to evaluate structuring options
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Advise on suitable holding jurisdictions and forms of investment vehicles 3 Post implementation
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Integrate a family’s needs into possible structuring options for consideration
Implementation phase
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Draft legal documents, obtain tax/legal advice and assist with application for tax incentive schemes, in collaboration with external legal and tax advisors
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Coordination with a family, family’s representatives and advisors
Post implementation
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Trustee to provide trustee services and nominees services
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Conduct annual reviews with a family to ensure objectives of the structure are met
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Provide updates on any regulatory changes
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Facilitate cross-generation education and communication