Lighthouse Canton Launches Family Office Report
Singapore-headquartered Lighthouse Canton has released a white paper focused on family offices and their benefits as an institutional model to manage wealth for the ultra-rich.
Lighthouse Canton has launched a white paper entitled «The Multi-Family Office Advantage» which explores the benefits of a family office's institutional approach, according to a statement.
Key elements covered include: creating structured and scalable investment and specialist services; attracting and retaining best-in-class talent; using technology effectively and efficiently to enhance and consolidate reporting for multi-asset portfolios, manage risk and increase transparency for families; and navigating evolving risk and regulatory requirements across multiple jurisdictions and global asset allocations.
DIFC's Family Wealth Center
The white paper was released during a roundtable hosted in collaboration with the Dubai International Financial Center's (DIFC) Family Wealth Center. According to the statement, this partner was chosen given that the DIFC was home to over 800 family-related entities, including over 120 families and wealthy individuals who are managing more than $1.2 trillion globally.
«As family wealth becomes increasingly complex – spanning multiple jurisdictions, asset classes and governance structures – family office structures such as single family offices or multi-family offices, can provide a structured yet adaptable framework for such families to navigate these intricacies,» said Prashant Tandon, managing director and CEO for Lighthouse Canton in the UAE.
«What services you require, the talent stack you will require, what technology you can leverage, how do you adapt to evolving risks and regulations, and how do you balance the cost of running your family office – these are all key aspects that families must evaluate when choosing a model that suits their needs.»
Established in 2014, Lighthouse Canton is a wealth and asset management firm with 190 professionals across its offices in Singapore, Dubai, India and London. As of end-2024, it had $4 billion of assets under management.
