Why a family office?

Privacy and growth

  • Discreetly manage family wealth and affairs
  • Act as a gatekeeper between the family and third parties
  • Enhance harmonious family growth
  • Maintain family value and family governance

Highly personalised services

  • Provide bespoke services tailored for the family that differ from those of wealth management institutions and multi-family offices
  • Excel at responding to and anticipating the needs of the family

Wealth protection, inheritance and accumulation

  • Comprehensively manage philanthropy, estate planning, tax and family wealth distribution
  • Handle strategic asset allocation, wealth protection and succession and long-term prosperity
  • Carry out duties professionally, increase compliance and reduce risk

Family office set-up blueprint

1. Identifying the purpose

  • Define family value -  Define family vision and expectations
  • Specify current and future beneficiaries
  • Specify the portion of the family’s wealth managed by Family Office
  • Outline scope and functions of the family office
  • Understand the philosophy behind philanthropy

2. Planning

  • Determine the most suitable location
  • Family board and family governance planning
  • Preparation for NextGen’s education, growth, development, living and succession
  • Business rules on integrating NextGen and family member recruitment policy
  • Defined roles and functions of executive and non-executive family members
  • Thoughtful resourcing (insourcing vs outsourcing)

3. Structuring and set up

  • Create strategic asset holding structure (which may include setting up Trust), taking into consideration of asset protection, succession, control, tax and regulatory requirements
  • Develop investment policy
  • Structure family board and drafting of family governance documentations
  • Create effective communication channels for family members
  • Build philanthropy framework and management control methods
  • Establish technology, key functions and organizational oversight
  • Establish key procedures and internal controls
  • Recruit talent and appointment of key roles

4. Start

  • Strategic asset allocation based on investment policy and strategic asset holding structure
  • Finance management and control system, wealth management dashboard
  • Philanthropy implementation
  • Produce investment performance analysis dashboard
  • Measure investment results against benchmarks

What makes for an effective family office?

Prompt response to economic changes and regulatory requirements

Long-term family prosperity
and harmony

Systematic and robust wealth management protocols

Solutions for the bespoke needs of family members

Managing the family business dynamics

KPMG Solutions for Family Office set-up

Our service offerings for family

Contact us

Entrepreneurs, family businesses and fast-growing companies have unique needs. They require a trusted adviser who will work shoulder to shoulder with them–someone who will bring forward broad-based business skills, tailored products and services, and the true strength of the global firm to help them navigate the unique challenges and transformational change they will face at each stage of their business lifecycle. That’s where KPMG Private Enterprise comes in.

Karmen Yeung

Leader of People & Enterprise / National Head of Private Enterprise / Head of Private Enterprise, Hong Kong

Hong Kong

KPMG China

+852 2143 8818
+86 (755) 2547 1038


William Guo

Head of Private Enterprise, Northern China

KPMG China

+86 (10) 8508 5626


Edward Yu

Head of Private Enterprise

Eastern and Western China

KPMG China

+86 (21) 2212 2988


Koko Tang

Head of Private Enterprise

Southern China

KPMG China

+86 (755) 2547 4180