FGA Trust aids Asian family offices in global expansion

According to research 84% of family offices expect an increase in their family wealth this year

FGA Trust, a licensed trust company based in Hong Kong, has recently enhanced the integration of financial technology in its services, aiming to assist family offices in the Asia-Pacific region with their global expansion.

According to Deloitte’s latest research report, 84% of family offices expect an increase in their family wealth this year, while 77% anticipate growth in their assets under management (AUM), indicating a positive outlook among family offices in the Asia-Pacific region.

The report highlights that compared to their global counterparts, family offices in the Asia-Pacific region are more inclined towards expansion, with 48% of respondents planning to increase their use of third-party services, a figure exceeding the global average of 34%. Furthermore, family offices in the Asia-Pacific plan to increase investments in key asset categories this year, including equities in developed markets (32%) and emerging markets (24%), real estate (31%), hedge funds (24%), as well as cryptocurrencies/digital assets (24%). These trends suggest that Asia-Pacific family offices are actively seeking new investment opportunities to strengthen and grow their wealth.

FGA Trust offers a one-stop online management platform providing comprehensive financial services, including asset-linked credit cards, bill payments, multi-currency custodial services, and global investment solutions. All instructions are executed through a compliant and secure online trust platform, ensuring clients enjoy true 24-hour wealth management. The platform also provides infrastructural custody solutions for individuals, businesses, banks, financial institutions, asset managers, and exchanges, allowing for the secure and efficient execution of business directives, thereby reducing operational costs and alleviating compliance and regulatory risks, enabling clients to store their assets with peace of mind.

Kavi Harilela, business director at FGA Trust, stated, “We are witnessing family offices in the Asia-Pacific demonstrating remarkable resilience and adaptability in the current environment. In this rapidly changing market, FGA Trust is committed to utilising advanced financial technology to meet our clients’ needs. Whether through enhanced asset management tools or innovative investment solutions, we strive to provide the best service experience for each client.” 

He further added, “In the face of increasingly complex wealth management challenges, family offices need a reliable partner. FGA Trust not only possesses extensive industry experience but also continuously invests resources to optimise our technological platform. We believe that only by closely collaborating with our clients can we help them achieve success in the global market.”

As the demand from family offices in the Asia-Pacific continues to grow, FGA Trust will remain dedicated to providing innovative and efficient services to meet their global expansion needs and assist them in maintaining competitiveness in an ever-changing market environment.

This post is sponsored content by Payment Asia.

Image: FCA Trust

Guest Editorial This article was produced specially for Fintech Intel by an expert guest contributor.