What is a multi-family office (MFO)?

A multi-family office is a firm that provides investment management, governance, reporting, and concierge services to multiple wealthy families, typically with combined assets above S$50 million. MFOs differ from single-family offices (SFOs), which serve a single family. In Singapore, MFOs are typically structured as Capital Markets Services Licence holders (CMSL) regulated by MAS.

How many multi-family offices are there in Singapore?

WealthManagement.sg's directory identifies 13 MAS-licensed firms explicitly branded as family offices in Singapore. The full MFO market is larger — many firms operate as multi-family offices under broader fund-management or wealth-advisory branding. MAS estimates over 1,500 family offices (single and multi combined) operate in Singapore.

What licence does a multi-family office need in Singapore?

Most multi-family offices in Singapore hold a Capital Markets Services Licence (CMSL) for Fund Management, regulated by the Monetary Authority of Singapore. Some also hold Financial Adviser licences (LFA or EFA) to advise on investment products. A small subset operates as Licensed Fund Management Companies (LFMC) instead.

What is the minimum AUM for a multi-family office in Singapore?

There is no statutory minimum AUM for an MFO. Most established MFOs in Singapore serve families with S$20M-S$50M+ each, with combined firm AUM frequently above S$500 million. Firms claiming the 13O tax incentive must hold S$20M+ per fund vehicle; 13U requires S$50M+.

How do I choose a multi-family office in Singapore?

Compare firms on (1) MAS licence type and number, (2) regulated activities (advisory vs custody vs fund management), (3) AUM and number of family clients, (4) fee structure (% of AUM, retainer, performance), (5) custodian bank relationships, (6) governance services beyond investments. Every firm in the WealthManagement.sg directory shows the MAS-published facts for items (1) and (2).

Multi-family offices in Singapore

Q: How is a multi-family office different from a single-family office?

A single-family office (SFO) serves one family, is typically larger (S$100M+ AUM), and operates under MAS class licence exemption (Single Family Office Exemption). A multi-family office (MFO) serves multiple families, requires a Capital Markets Services Licence from MAS, and can leverage economies of scale across clients.

13 MAS-licensed firms in our directory that operate as multi-family offices — serving multiple families with investment management, governance, reporting, and concierge services. Every firm linked below carries its MAS licence + regulatory status with regulator-grade provenance.

Singapore hosts 1,500+ family offices per MAS estimates. The directory below is the subset that brand themselves explicitly as family offices in their legal name — many more operate under broader wealth-advisory or fund-management branding (see full directory).

MFOs in directory

SG family office estimate (MAS)

1,500+

Primary licence

CMSL Fund Management

most also hold LFA/EFA

Frequently asked

How is a multi-family office different from a single-family office?

An SFO serves one family under MAS class-licence exemption. An MFO serves multiple families and requires a Capital Markets Services Licence from MAS.

What licence does an MFO need?

Most hold a CMSL for Fund Management. Many also hold Financial Adviser licences (LFA or EFA) to advise on investment products. See each firm's profile for the exact MAS-published licence number.

Is there a minimum AUM?

No statutory minimum. Most MFOs serve families with S$20M+ each. Firms claiming the 13O incentive must hold S$20M+ per fund; 13U requires S$50M+.

Multi-family offices in Singapore

Directory

AGLAIA FAMILY OFFICE PTE. LTD.

ALPHAROCK FAMILY OFFICE PTE. LTD.

APAC FAMILY OFFICE PTE. LIMITED

AVENUE FAMILY OFFICE (SG) PTE. LTD.

DAS FAMILY OFFICE PTE. LTD.

DL FAMILY OFFICE PTE. LTD.

GRANDWAY FAMILY OFFICE PTE. LTD.

KORU FAMILY OFFICE PTE. LTD.

RAFFLES FAMILY OFFICE PTE. LTD.

RHEINGOLD FAMILY OFFICE PTE LTD

RJ FAMILY OFFICE PTE. LTD.

ROSELINE FAMILY OFFICE PTE. LTD.

TSAO FAMILY OFFICE PTE LTD

Frequently asked

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