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Single-Family Offices Become the Mainstream as Asia’s Family Office Sector Booms
Published Time：
2025-10-08 11:16
Source：
(Singapore, October 21, 2025) — With Asia’s growing population of high-net-worth individuals (HNWIs), the demand for sophisticated family wealth management and legacy planning has intensified. Single Family Offices (SFOs) are rapidly emerging as a dominant trend across the region. According to the latest 2025 Family Barometer Report by Julius Baer, as many as 74% of affluent families in Asia planning to establish a family office prefer the SFO model, seeking greater autonomy and privacy in managing their wealth.
The report reveals that as of last year, Singapore had established over 2,000 SFOs, representing a 43% year-on-year increase and a tenfold surge within five years. This remarkable growth reflects not only global investors’ confidence in Singapore but also the maturity of its institutional, financial, and regulatory ecosystem for family offices.
Julius Baer notes that Singapore and Hong Kong have emerged as Asia’s most dynamic family office hubs. Singapore continues to attract global wealthy families with its political stability, robust legal framework, and resilient economy, while Hong Kong leverages its comprehensive financial infrastructure to maintain a unique edge in cross-border wealth management.
“Affluent families are no longer satisfied with mere asset management—they are seeking integrated platforms that support the entire family enterprise across generations and geographies,” said Christos Anagnostopoulos, Head of Family Office Solutions, Asia Pacific, Julius Baer.
In recent years, the monetary authorities in Singapore and Hong Kong have actively launched incentive programs to further strengthen their positions as global wealth management centers. Since 2021, the Monetary Authority of Singapore (MAS), in collaboration with the Institute of Banking and Finance (IBF), has introduced competency standards for family office professionals and training subsidies for eligible Singaporeans, thereby enhancing the overall talent pipeline and service infrastructure in the family office ecosystem.
Amid an increasingly complex geopolitical and economic landscape, family offices play a vital role in safeguarding and growing family wealth. The report highlights that Asian HNW families face multiple challenges—ranging from inflation and regulatory shifts to digital transformation. Whether a family can achieve sustainable succession depends largely on its ability to plan with a long-term vision and shared values. Yet, only 28.6% of ultra-high-net-worth families worldwide have a unified family mission, while 55.8% still face internal divergence in direction.
Against this backdrop, more families are turning to professional advisory firms to ensure that their family office structures remain robust, adaptable, and aligned with their core values.
As one of Singapore’s leading advisory firms specializing in family office services, FOZL Group is closely aligned with this growing regional demand. The firm is committed to delivering professional, compliant, and forward-looking solutions tailored for Asia’s HNW families. With a rising number of families choosing to establish SFOs in Singapore, FOZL Group leverages its extensive experience and expertise to help clients build resilient structures under the regulatory framework, ensuring a balance between wealth preservation and value continuity.
The Group’s team is well-versed in Singapore’s tax incentive frameworks under Sections 13O and 13U of the Income Tax Act, offering end-to-end support—from application to implementation. Through rigorous structural design and compliance planning, FOZL Group helps clients achieve tax efficiency and asset protection while maintaining adherence to statutory requirements, enabling sustainable, long-term family wealth growth.
With years of hands-on experience in the family office domain, FOZL Group has successfully assisted numerous Asian families in establishing SFO structures, covering a full spectrum of services—from setup planning, tax and governance design, and investment and philanthropic trust management to ongoing operational support. Placing clients’ needs at the core, the Group combines Singapore’s stable financial and legal advantages to deliver a comprehensive, sustainable one-stop wealth management platform.
As global demand for family wealth management and succession continues to rise, FOZL Group will continue to harness its professional expertise and regional network to support more Asian families in advancing toward a new stage of integrated wealth and values-based legacy building, shaping a resilient, long-term, and strategically aligned family office ecosystem.
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