Our Incubator Programme (IP) ensures that a new single family office can hit the ground running from day one.
The Incubator Programme (IP) is the fastest way to help new Family Offices take off from ground zero. Singapore offers a robust financial and business hub that is supported by best-in-class ecosystem with sound regulatory policies. Through a combination of digital solution and key practitioners’ expertise, the IP helps families find their footing in Singapore by building their family office structure and set it on a path towards operational resilience.
Cost of operating a single-family office can be as high as USD1.5m and may continue to rise as more is invested into upgrading their digital and IT security infrastructure. Manpower cost typically comprises of up to 70% of the annual operating budget. Saving cost by cutting corners on any part of the infrastructure could lead to issues down the road.
Hiring and managing a team can be challenging especially during the initial phase. It takes time to build up a team with the right mix and making the wrong hire can often be costly, slowing down the inception and achievement of the SFO’s strategy and goals.
Fragmented activities can compromise the outcome. In the early stage, it is usually the lack of a focal point of orchestration that makes navigating diverse corporate and wealth management activities difficult.
COMMON CHALLENGES FACED BY SFOs
Full family office infrastructure
at a fraction of the cost. Potential eligibility for 80% co-funding on qualifying expenses under MAS Digital Acceleration Grant scheme.
approach ensures business continuity by removing elements of key man risk. L-Bridge Capital will also assist in mentoring new hires.
Plug and play:
SFOs achieve their intended structure and objectives faster in the careful hands of experienced practitioners.
Easy-To-Use Digital Platform:
Implement your IT framework to meet your enterprise needs and enable your business to operate offsite efficiently during a crisis.
BENEFITS OF INCUBATOR PROGRAMME
corporate structure (example: Trust / VCC) and obtain relevant regulatory approval / exemptions.
BUILD & MAINTAIN
processes, systems and SOPs that can eventually be adopted by the Family Offices once they are ready to run on their own.
GUIDE & COACH
new hires so that the SFO team can collectively meet the vision and goals of the family office.
We are the engine behind a successful family office.
KEEPING IT SIMPLE
The Incubator Programme sets up the vital functions required for the proper formation of a single family office operation. Divided into two key building blocks:
Business Risk & Control
Each building block will be built by the collective effort of the corresponding teams in L-Bridge Capital.