In the later part of the 19th century, the Rockefeller family pioneered the idea of the family office. Separating the family from finance, the family office would take a portion of the family’s wealth and professionally manage it to ensure wealth preservation for generations to come. As the 20th century progressed the cutoff point for what categorized the minimum investment for a family office decreased dramatically, and rapidly industrializing East Asia was fostering its own generation of tycoons. Today, the current count of high net worth individuals (HNWIs) in Asia comes in at approximately 6.5 million, with the ... (full story)