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The Straitstimes

The Straitstimes

Singapore’s wealth management sector growing, as single family offices balloon to 1,650

The Straitstimes
Summary
Nutrition label

79% Informative

From just 400 SFOs awarded tax incentives by the Monetary Authority of Singapore in 2020 , the number of family offices has grown to 1,400 .

An SFO manages assets belonging to only one family.

Singapore ’s financial sector had a good showing in 2023 with a 10 per cent growth in assets under management ( AUM ).

VR Score

90

Informative language

97

Neutral language

45

Article tone

formal

Language

English

Language complexity

63

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links