16 months ago, before we opened our Singapore office on 1 Oct 2018, I wrote why we decided to setup a family office in Singapore. Fast-forward to today, much has been said about the rise of family offices; wealthy individuals and families are beginning to understand the needs and benefits of family offices.
The cost of operating a single-family office can easily add up to 1.5 million USD per year. Hence, how much investable asset does a family need to have in order to make setting up a family office worthwhile? Let us dive into that here.