Growing pains on the way for Asia's MFOs

Asia’s family office industry is still in its infancy, but it’s about to undergo growing pains. Rising costs—partly driven by more complex regulatory and compliance requirements—and profitability concerns are set to dramatically alter the expectations wealthy families places upon these regional investment operations.  These changes look set to take place at a time of great opportunity. A 2017 Bloomberg report titled ‘The Future of Family Offices’, estimates there are 3,000 famil…