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China’s wealthy increasingly see value of full family office offering

China’s growing high-net-worth population is taking an increasing interest in the non-investment services family offices provide, according to experts from Asia Pacific, such as estate and tax planning, as well as education. According to the RBC World Wealth Report 2015 , China’s population of high net worth individuals (HNW individuals) grew 18% in the last year, and now sits at 758,000. The total wealth of this group grew 20.5% to $3.8 trillion. Kenny Lam, president of wealth management firm Noah Holdings, which caters to Chinese families and enterprises, said the firm established a family office division earlier this year, […]