For ultra-high-net-worth families, the choice often lies between establishing a family office or relying on private banking. Both have advantages.
- Family Office: Offers full control, customized structures, and privacy. Best suited for families managing USD 100M+ assets.
- Private Banking: Provides ready-made expertise, global networks, and easier compliance for those managing USD 5M–50M.
In practice, many clients combine both—using private banks for investment execution while maintaining a family office for governance and legacy planning.
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Written by: BankOpen Singapore Editorial Team
The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions.
The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions.
Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.