While having a family office has often been looked at as a status symbol, is it really all it is? Beware, it can be costly to set up. Genevieve Cua gets the ins and outs from Angie Han, head of wealth planning, Pictet Wealth Management Asia.

Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua.

This episode is brought to you by Pictet Wealth Management.

Highlights of the podcast:

02:40 Some major drivers for the decision to establish a family office

05:00 Helping families to crystallise their objectives

10:58 Does a family office replace a trust?

13:38 Single family office vs multi-family office and other structures

16:03 Size threshold for single family office

16:41 Challenges to ensure family office continuity

More about: Pictet Wealth Management https://www.pictet.com/sg/en/wealth-management

Written and hosted by: Genevieve Cua (gen@sph.com.sg)

With Angie Han, head of wealth planning, Pictet Wealth Management Asia

Edited by: Howie Lim and Lee Kim Siang

Engineered by: Joann Chai Pei Chieh

Executive producer: Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

—

Follow WealthBT podcasts and rate us at:

Channel: bt.sg/btwealthbt

Amazon: bt.sg/wbtam

Apple Podcasts: bt.sg/wbAP

Spotify: bt.sg/wbSP

YouTube Music: bt.sg/wbyt

Google: bt.sg/wtGO

Website: bt.sg/wealthbt

Feedback to: btpodcasts@sph.com.sg

Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.

Discover more BT podcast series:

BT Money Hacks Podcast at: bt.sg/btmoneyhacks

BT Mark To Market Podcast at: bt.sg/btmark2mkt

BT Podcasts at: bt.sg/pcOM

PropertyBT at: bt.sg/btpropertybt

BT Market Focus at: bt.sg/btmktfocus

BT Branded Podcasts: bt.sg/btbrpod

BT Lens On: bt.sg/btlenson

See omnystudio.com/listener for privacy information.

Family offices: More than a badge of prestige: WealthBT (Ep 38)

BT Correspondents

Family offices: More than a badge of prestige: WealthBT (Ep 38)