This study presents an analysis of the current structure of family offices and external asset management in Asia, focusing on their wealth management relationship and providing insights into the future trajectory of the industry. Utilizing publicly available industry reports and survey datasets, the study employs comparative techniques for wealth distribution and portfolio performance to uncover key findings regarding wealth managers' practices and clients' preferences.

The research reveals a remarkable growth rate of assets under management in Asia, which has surged by 205% from 2008 to 2021. These assets encompass a diverse composition, with 54% being financial assets, 37% held in real assets, and the remaining portion comprised of liabilities. The region has witnessed a shift from traditional investment methods, with a notable rise in modern investment tools like online wealth management platforms. This trend is expected to continue and potentially reshape the industry over the next decade.

Among the financial hubs in Asia, Mainland China, Hong Kong, India, Japan, and Singapore are projected to experience substantial growth. Singapore, in particular, is expected to emerge as the largest hub due to its progressive investment practices, significant market potential, and favorable foreign investment policies. As of 2021, listed equity retains its position as the highest-value asset type, accounting for 50% of the total, followed by cash and deposits, private funds, and bonds, collectively representing a 39% share. The reliance on family offices and external asset managers is anticipated to remain moderate as growth strategies increasingly encompass aspects of each other's services and market positioning. A gradual reduction in intonational investment is expected as the local market offer enough and more reliable investment asset classes. Investment hold time has also spiked and is expected to increase as family offices opt for growth investment strategies in booming economies.