For knowing FOAHKyou should have a knowledge of about ,what is family office?
They are a private company that handles the management of wealth and investment of highly wealthy individuals generally having more then $100 million of investable assets with a view to grow the business more and transfer it to the further generations. These companies also generate the travelling plans, it also may includes the daily accounting, travel management, property management, protection of the family’s privacy, home staff management and tax saving strategies like charity.
What is FOAHK?
FOAHK is a non profit advisory organization and was formed in November 2020, it is an independent trade association for the family offices, they address and talk for the interest of the family offices and accelerate the community collaborations among members, governments and accomplished parties in Hong Kong and abroad.
Family office conference
In family office conference FOAHK gathers all the experiences and expertise of the family offices to provide them with community support and connect the members with each other. FOAHK says that their members’ support helps them to achieve their goals and objectives.
Functions of FOAHK
- FOAHK works for the betterment of the family offices, talks about the interests of family offices.
- It provides the professional guidance to family offices and related industries by conducting regular webinars and workshops.
- It provides an easy way of communication between governments and the members.
- Maintain the high industry standards of the profession.
- To maintain connection and coordination among members.
Conclusion
FOAHK is an association works for the interest of family offices and accelerate the community collaborations among members, governments and professional parties in Hong Kong and overseas.