Starting a multi-family office sprint

THE growing number of ultra-high net worth individuals and families in Asia has sparked demand for family offices across the region. And as the second or third generation in these families step up, the growth of family office establishments has accelerated.

According to Stephan Repkow, founder and CEO of independent multi-family office operator Wealth Management Alliance (WMA), this is a reflection of the maturity of the wealth creation cycle in Asia.

"There is an increased demand for services that cater to the transmission of capital and entrepreneurial control to the next generation," he says. "Sometimes, this also involves (investment) education. But most of all, the internationalisation of assets and changing lifestyles of wealthy families has made family offices critical instruments for more professional and organised wealth management."