The initial premise of his question was, "Do you think families will embrace this opportunity?" I told him that yes, I do.
The research says: “Families are becoming more resistant to wealth advice and is essential to think about what is right for each family as each family is different, and then structure service requirements appropriately.”
Hong Kong is aiming to attract more family offices, which have been identified as a key growth engine for the industry, and its recommended changes follow in the footsteps of rival financial hub Singapore.
Despite being the new kids on the block, Asian family offices have delivered higher investment performance in 2018, a study reveals.
The partnership comes as Stonehage Fleming, led in the UK by chief executive Graham Wainer, looks to grow its wealth planning and investment teams, having made a trio of high-profile hires in recent months.