Family Offices Shift to Multi-Hub Wealth Models as Hong Kong Reasserts Role

Family offices and independent advisers are increasingly adopting multi-hub wealth strategies as ultra-high-net-worth families seek greater resilience across booking centres, custodians, currencies and jurisdictions, industry executives said at the Hubbis Independent Wealth Management Forum in Hong Kong.

The multi-hub wealth strategies trend reflects growing demand among wealthy families for diversified operational structures capable of managing geopolitical, tax, mobility and succession risks.

Panellists said Hong Kong remains a key centre for North Asia wealth, China access and capital markets expertise, but families are no longer choosing between Hong Kong and Singapore. Instead, many are combining both centres with Switzerland, the UAE and other jurisdictions to improve flexibility and resilience.

The shift is increasing demand for advisers capable of coordinating banks, trust companies, tax specialists, insurers and technology platforms across multiple jurisdictions.

Industry participants said wealthy families increasingly want structures that allow them to adapt quickly to changing regulatory, political and economic conditions while maintaining investment access and succession continuity.

The discussion highlights how family offices are evolving from single-location models into globally diversified wealth ecosystems.