SINGLE FAMILY OFFICE
THE RISE OF THE SINGLE
FAMILY OFFICE (SFO)
Single family office is a sophisticated but effective vehicle through which you are able to professionalise the management of family wealth and protect it for generations to come.
WHAT IS A SFO?
A SFO is a private, stand-alone business entity, created to exclusively manage the financial and personal needs of a single wealthy family. This set-up allows for a family to separate its personal dealings from the family business whilst providing a high level of privacy, confidentiality, customised service and aligned investment philosophy.
IS A SFO THE RIGHT
OPTION FOR YOU?
A SFO is expensive to run (at least HK$2-3 millions for basic annual costs) and is most suited for families with more than HK$300 million in assets under management.
Your Ideas Our Effort
Prospervest is well-positioned to give you a proper assessment as to whether a SFO is the right option for you, and to guide you through the entire process.
01
Succession planning
02
Level of control required over family investment decisions
03
Significance of family legacy and purpose
04
Complexity of family structure and number of generations involved
05
Complexity of family investment holdings
06
Types of business involved
07
Types of services required
08
Family harmony
WHAT ARE THE KEY FUNCTIONS OF SFO?
Each family office is unique, but there are common priorities and functions
Privacy and confidentiality
High level of confidentiality to protect personal information, family activities and financial matters.
.
Promotion of family values
A set of agreed mission statements and family constitution to ensure decisions and actions are aligned.
Investment planning
An agreed investment philosophy to ensure proper asset allocation and suitable portfolio investment to meet the family’s long-term wealth and succession objectives.
Governance and compliance
Full governance and regulatory compliance in connection with investments, assets and business operations.
Long-term wealth management
Strategic planning and creation of formal governance structures to support the family’s long-term wealth and succession objectives.
Succession planning and management
Managing and executing trusts, handling estates and facilitating a smooth wealth succession and change of business leadership.
Tax and financial planning
Handling family members’ individual and business tax returns and advice.