Rise in family offices drives need for upskilling of wealth managers

13 Jul 2022

According to Monetary Authority of Singapore (MAS), the number of single-family offices (SFOs) has jumped to 700 by end of 2021, driving demand for professional asset management. "Higher levels of competency are expected to meet the needs of this formerly-niche segment of investors," the university added. To help wealth managers better understand the challenges and opportunities of this unique segment of clientele, the SMU Business Families Institute launched a series of masterclasses accredited by the Institute of Banking and Finance. The classes will provide in-depth knowledge and insights into how business families approach wealth management, governance and succession needs.

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