While having a family office has often been looked at as a status symbol, is it really all it is? Beware, it can be costly to set up. Genevieve Cua gets the ins and outs from Angie Han, head of wealth planning, Pictet Wealth Management Asia. Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua. This episode is brought to you by Pictet Wealth Management. Highlights of the podcast:  02:40 Some major drivers for the decision to establish a family office 05:00 Helping families to crystallise their objectives 10:58 Does a family office replace a trust? 13:38 Single family office vs multi-family office and other structures 16:03 Size threshold for single family office 16:41 Challenges to ensure family office continuity  More about: Pictet Wealth Management https://www.pictet.com/sg/en/wealth-management Written and hosted by: Genevieve Cua ([email protected]) With Angie Han, head of wealth planning, Pictet Wealth Management Asia Edited by: Howie Lim and Lee Kim Siang Engineered by: Joann Chai Pei Chieh Executive producer: Claressa Monteiro Produced by: BT Podcasts, The Business Times, SPH Media — Follow WealthBT podcasts and rate us at: Channel: bt.sg/btwealthbt Amazon: bt.sg/wbtam Apple Podcasts: bt.sg/wbAP Spotify: bt.sg/wbSP YouTube Music: bt.sg/wbyt  Google: bt.sg/wtGO Website: bt.sg/wealthbt Feedback to: [email protected] Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks Podcast at: bt.sg/btmoneyhacks BT Mark To Market Podcast at: bt.sg/btmark2mkt BT Podcasts at: bt.sg/pcOM PropertyBT at: bt.sg/btpropertybt BT Market Focus at: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/btbrpod BT Lens On: bt.sg/btlenson See omnystudio.com/listener for privacy information.