New report reaffirms that Singapore remains a top choice for wealthy families Singapore News

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New report reaffirms that Singapore remains a top choice for wealthy families Singapore News
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SINGAPORE: Singapore has continued solidifying its reputation as a preferred base for wealthy families in Asia, thanks to its strategic location, economic resilience, and robustly regulated tax and fi

nancial system, according to the Julius Baer Family Barometer Report 2024.

These include its well-regulated financial sector, strong legal framework, and the increasing availability of family office structures designed to manage and preserve complex wealth portfolios. This priority reflects a broader emphasis on ensuring the seamless transfer of leadership and assets to future generations, underscoring the significance of long-term planning in wealth management strategies.The report identifies growing apprehension over nationalism, political polarisation, and shifting economic landscapes in regions such as Asia, the Middle East, and Latin America.

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