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With an integrated platform that combines independence with advisory expertise across a broad range of asset classes and an expansive global partnership . 1 East 3rd Ring Middle Road, Chaoyang District, Beijing. The average base salary is $919,400, and the average total compensation is $2,370,100 for these bigger family offices. Join now Sign in Raffles Family Office's Post Raffles Family Office 15,071 followers . Average total compensation of the top 10% earners in the survey is $1,520,000. Internal operating costs - salaries and employment benefits, overhead, technology, and telecoms. For those CIOs working at $1 billion-plus family offices pay packages were bigger. This material is provided for informational purposes only, it does not constitute an offer to sell, or a solicitation or an offer to buy. Get the latest stories as they happen: Free & daily e-mail alerts from finews.asia. As a result, the magic number is to have a liquidity of US$100 million. A common question is, What is the difference between an Independent Financial Advisory (IFA) firm and a Family Office (FO)? Typically, an IFA firm may offer financial planning, asset management and investment strategies with the goal of helping clients pursue their financial goals. LTD. Raffles Place. Start of main content. Verify your email to use filters. You will need a Premium Plus Subscription to access this database. Last 24 hours; Last 3 days; Last 7 days; Last 14 days; Salary Estimate. Raffles Family Office has appointed Marvin Koh as managing director for relationship management, the firm announced in a LinkedIn post on Tuesday. The company currently specializes in the Financial Services area. Dismiss. Nothing on this website should be considered as granting any licence or right under any trademark of ours, our licensor, or any third party. Use the CB Insights Platform to explore Raffles Family Office's full profile. For those CIOs working at $1 billion-plus family offices pay packages were bigger . Centralisation of processes for tax, communications, education, professional services and philanthropy can help to ensure tasks are aligned with family goals to produce targeted results. 43 Raffles Family Office Jobs, Employment in Raffles August 21, 2022 | Indeed.com Skip to Job Postings , Search Full-time (69) Permanent . In future, we will have our own Finance department so we can even do financing in-house. This website and the information included herein is not intended for public use or distribution and is subject to updating, revising, completion, verification, amendment and deletion without any notice. In his new role, Koh will use his deep knowledge and technical skills to serve the firm's growing ranks of ultra-high-net-worth clients and families in Singapore and Southeast Asia. He joins the multi-family office from DBS, where he was a senior director at its private bank. Tags: Asian Private Banker , Read More October . We have no control over the nature, content and availability of those sites. Hong Kong-based Raffles Family Office (Raffles FO) announced Thursday the launch of Revo Digital Family Office (Revo DFO), the first-of-its-kind in Asia that enables ultra-high net worth (UHNW) families to access and invest in digital assets from a consolidated wealth management platform.. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Raffles Family Office | 14,953 followers on LinkedIn. You can trust that your wealth is managed by our experts internally. Through this website you are able to link to other websites which are not under the control of Raffles Family Office Limited. Having problems? Here, CEOs were paid an average base salary of $432,600 and a total compensation of $491,800. KEY NOT FOUND: ei.filter.lock-cta.message. Responsible for Normal Operations of Medical Clinic, Registration of Patients, Dispensing of Medications. contact. The team is staffed by seasoned experts, all of whom are reputable leaders in their respective fields. Posted 15 days ago. Raffles Family Office, along with Campden Wealth, released a report in November that found that 38% of family offices in the Asia-Pacific region planned to increase their exposure to cryptocurrencies in 2022. Connect with us for the latest news . Defining and defending legacies | Raffles Family Office (RFO) is an award-winning multi-family office with a full suite of wealth management services for ultra-high net worth individuals. Private Equity Glassdoor has 1 Raffles Family Office reviews submitted anonymously by Raffles Family Office employees. Investor Type Family Investment Office. As a Talent Acquisition Executive, you will be P-Serv is growing our family, and we are looking for talents to be a part of our team! Posted 7:18:56 PM. Raffles Family Office (RFO) is a multi-family office providing bespoke asset protection and wealth management solutions to High Net Worth Individuals and families across generations. If you look at the standard operating cost of 1.5 million USD, that is a hefty 1.5% per annum based on 100 million liquid USD recommendation. Raffles Family Office is the holding company of Raffles Assets Management (HK) Co. Limited, therefore we are Accredited Investors (AI) licenced by Securities and Futures Commission of Hong Kong (SFCHK). A private debt group thinks it has some solutions and just received further backing from an impact-led family office, Family offices would be forgiven for getting irked by newly-published analysis, which reveals the average base cost of investing in a multi-strategy fund is a hefty 7%, plus performance fees of 20%, Please refer back with further deals and all links for new investment groups with 24 hours 2,890 Family Office jobs available in Marina Terminal on Indeed.com. A free inside look at company reviews and salaries posted anonymously by employees. Not only that, but total compensation levels at US family offices should look enticing to those in other parts of the financial/business world. Exclusive news, analysis and research on global family enterprise and private investment offices. When you compare the 1-2% in fees you are paying your brokerage firm to receive a small fraction of these services from an advisor who is not a professional investor, we believe the case for using a Family Office becomes crystal clear. "The growing interest in digital assets shown by UHNW investors in Asia presents new opportunities for the wealth management industry, but it is . Koh brings more than 10 years of experience in private banking and wealth management, serving clients fromSingapore, Malaysia, Indonesia, Thailand, Hong Kong, Taiwan and China in his time at DBS,CIC Banque Prive and ABN Amro Private Banking. Operating Status Active. Investment Outlook 2023: Navigating Uncertainty: Defense with Diversification, The Global Family Office Report Series: Asia-Pacific 2022, The Global Family Office Report Series: Asia-Pacific 2021, Incoming economic data points to further hawkish implications, increasing risks that the Fed will need to tighten for longer, US economic soft-landing is achievable but Feds job is not yet done, Headline US inflation is slowing down; we remain cautious of core sticky inflation. 'Given the volatility of the asset class . Raffles Family Office (RFO) is a Multi-Family Office headquartered in Hong Kong, and with bases now in Singapore, Taipei, and Zurich. At many conferences and summits for wealthy families that we have attended, when the topic of how much money it takes to have a single-family office comes up, the most often quoted magic figure is 100 million USD liquid. Read employee reviews and ratings on Glassdoor to decide if Raffles Family Office is right for you. The Ultimate Job Interview Preparation Guide. . The Raffles Family Office App enables creators and entrepreneurs to access our eco-system. An integrated platform that combines independence with advisory expertise across a broad range of asset classes, and an expansive global partnership network built for seamless collaboration with the worlds leading financial institutions, RFO is uniquely placed to offer comprehensive, lasting and highly bespoke wealth growth and preservation solutions. So then I decided to study a master's degree in science and operational research . Thank you, all, for your leadership, hard work and dedication. That will attract more talent. The new platform is intended for ultra-high net worth individuals who have existing holdings or are interested in digital assets. Salary guide. Defining and defending legacies | Raffles Family Office (RFO) is an award-winning multi-family office with a full suite of wealth management . Licenced by SFC Type 1, 4 & 9 & MAS Capital Market Services. Access to private information, wealth management, and advisory services is controlled and central. But after doing summer jobs while I was at university, I discovered that civil engineering was probably not a really good fit for me. The investment will be used by Lightnet to carry out its existing operations as well as accelerate the development of its products and tools. Direct family expenses - residences, philanthropy, art or other collections, travel, administration, consumption, and taxes. Unit 2306-2313, 23/F, The Center, 99 Queen's Road Central, Hong Kong, 1 Raffles Place Level 29, One Raffles Place Tower 1, Singapore 048616, 29/F, No. Every effort is made to keep the website up and running smoothly. Primary Responsibilities . Ltd. jobs available on Indeed.com. This transparency, can create openness, and help to avoid future misunderstandings and disputes within the family. Raffles Family Office (RFO) is an award-winning commercial multi-family office with a full suite of investment management services for ultra-high net worth individuals. 3. Defining and defending legacies | Raffles Family Office (RFO) is an award-winning multi-family office with a full suite of wealth management services for ultra-high net worth individuals. When we first met up with Singaporean Lin in early 2018, he was Head of the RFO corporate development effort and then based in Hong Kong. However, Raffles Family Office Limited takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control. Meet & Greet - Connect with like-minded individuals and companies within the Community. Mendefinisikan dan Mempertahankan Warisan, Dilisensikan oleh SFC Tipe 1, 4 & 9 & MAS Capital Market Services. The most comprehensive information service on the global family enterprise world, featuring exclusive news, analysis, research and data on global family enterprises, family offices, and private investment offices. Learn about Raffles Family Office careers in 2022 and explore blockchain and crypto jobs at other Web3 companies. Company reviews. The ultimate goal is to protect, grow and transfer their wealth on to the next generation and generations to come. $6,000 - $13,000 per month. However, Raffles Family Office Limited takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control. Senior Relationship Manager. The cost of operating a single-family office can easily add up to 1.5 million USD per year. Raffles Family Office charges an annual management fee for overseeing your family's assets with a minimum . (HK) Co. Ltd and Raffles Family Office Pte Ltd in Singapore is strictly prohibited. Decarbonisation efforts can often be expensive and involve long-term commitment. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Stand Out From the Crowd With the Perfect Cover Letter, How to Prepare for Your Interview and Land the Job. We understand every clients need is unique, therefore our solutions are all tailor-made. Under the agreement, Lightnet will receive a strategic stake in Revo, which is Raffles FO . At Raffles Hotels & Resorts our guests are cared for in such a way that they wish to return again and again and our valued colleagues know that what they do matters. Primary Responsibilities . The McNally Capital, Botoff Consulting, and Mack International study surveyed 152 family offices for its findings. The content of this website is the sole property of Raffles Family Office Limited and is protected by copyright. by Michelle Ng 17 October 2022. Job Type. Comparing the use of Singapore VCC, Hong Kong LPF and Cayman SPC structure from the lens of family office, legal and tax professionals. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. To connect with Raffles Family Office employee register on SignalHire. By using this website, you agree not to copy, duplicate, store, reproduce, retransmit, distribute, disseminate, sell, publish, broadcast or circulate the contents of the website, directly or indirectly, to anyone for any purpose without our express prior written consent. Raffles Family Office (RFO) is an award-winning commercial multi-family office with a full suite of investment management services for ultra-high net worth individuals. Any reliance you place on such information is therefore strictly at your own risk. Filter your search results by job function, title, or location. Additionally, Raffles Family Office is the holding company of Raffles Capital Holdings Limited which is our insurance brokerage arm; Raffles Properties Limited; as well as Raffles Corporate Services (HK) Limited. Find jobs. Stay up to date with new jobs that match what you are looking for. For the top executives at family offices, these numbers are in line with a survey done last year by Institutional Investor on family office compensation levels that found the annual average total compensation of 187 senior executives at single-family offices was just over $2 million. Raffles Family Office (RFO), a pan-Asian multi-family office, has relocated its headquarters to larger premises in Central today (5 August 2021) to support its business growth and the rollout of its Raffles Ecosystem incubator for single-family offices (SFOs). We are currently seeking Relationship Manager responsible for Greater China market, based in Singapore. William Chow, Hong Kong-based deputy group CEO Raffles Family Office, who was a mathematics buff at school, names Ray Dalio, . Know Your Worth. For families pursuing loftier investment goals, our Advanced Wealth Solutions division offers access to private equity deals, structured products, alternatives, private label fund vehicles such as the VCC in Singapore and SPC in Cayman, and digital and emerging assets. Dismiss. Please note that use of the www.rafflesgroup.co website (website) requires full acceptance without reservation on your part of the terms & conditions outlined below. For those CIOs working at $1 billion-plus family offices pay packages were bigger, with the average base salary coming in at $606,1000 and average total compensation at $1,499,600. Hence, how much investable asset does a family need to have in order to make setting up a family office worthwhile? The annual average base salary of a chief executive of a single-family office in the US is $556,100, according to a compensation survey by McNally Capital, Botoff Consulting, and Mack International. For chief investment officers, the annual average base salary for all single-family offices is $401,600, and average total compensation is $810,800. The platform encompasses trusts, insurance, family governance frameworks, as well as tax, immigration, philanthropy and sustainable-investing advice. Raffles Family Office is a multi-family office and independent asset manager that specializes in asset management, wealth management and legacy planning. Employers / Post Job. It launched its China joint venture withwealth management fintech platform iFastin October 2019 to target Chinese ultra-high net worth individuals onshore needs. All personal information provided via this website will be considered as confidential, and we shall only use this information for internal purposes to ensure compliance with our regulatory obligations. Filter your search results by job function, title, or location. Any reliance you place on such information is therefore strictly at your own risk. 29 Raffles Family Office Pte.