Centrum Wealth Management started in 2011 with a six member founding team who are still there. It now employs nearly 100 wealth advisors, who have a 35% stake in the firm ensuring entrepreneurial spirit, offices in 16 cities including Singapore, and a client base of more than 2,000 high net worth (HNW) families. It won Best Family Office category at the PBI Global Wealth Summit & Awards for setting up a desk with 100+ clients and on-borading 25 big ultra HNW families last year.
The Family Office business is now entering its third year of operation and is well positioned for growth, adding more clients in 2020 that have taken its office AUM to US$1bn.
Services such as estate planning and tax advice have helped build new relationships and deepen existing ones. The proposition has been further strengthened with new structuring, legal and philanthropy services for its niche set of clients. The Family Business Advisory team also helps families with business succession, professionalisation and conflict resolution.
The firm now manages US$4 billion of AUM across its operation and its personal focus and attention to detail also won it Highly Commended (HC) status in the Outstanding Wealth Management Service for the Affluent category, which was won by DBS (RBC WM also received a HC nod).