PT. Dana Lingkar Kapital supported by Black Circle Group Inc Advisory, which has been operating for five years in Singapore, see an opportunity of growing numbers of Ultra-High Net Worth Individuals (UHNWIs) in Indonesia, to become their advisor and assets manager.
Quoted from Statista, in 2018, there are 756 UHNWIs from Indonesia, owning at least 30 million U.S. dollars. PT. Dana Lingkar Kapital that supported by Black Circle Group Inc Advisory, through Family Office, help to advise and manage the family’s asset of USD 1.5 billion.
As these ultra-high net worth families and businesses growing mature over the time, there is also growing demand for family offices to advise and manage their investments and assets.
Although it has been said that the family office sector in Asia is still small compared to that of the private banks and wealth managers, the model is expected to become more widely accepted as more wealth is created.