As families across Asia pause to celebrate the Lunar New Year, it’s also a moment to reflect not just on tradition and reunion — but on the legacy we build for generations to come.

According to Deloitte’s latest market study on the Family Office Landscape in Hong Kong^[1] , the city is now home to 3,384 single-family offices (SFOs) as of the end of 2025, representing an increase of 681 SFOs since the end of 2023. This remarkable growth cements Hong Kong’s rising stature as a key international hub for family offices and intergenerational wealth management.

With more ultra-high-net-worth individuals (UHNWIs) recognizing the importance of transitioning from wealth accumulation to continuity, the family office model is fast becoming the foundation for navigating governance, impact, and long-term legacy.

Intergenerational Planning Comes of Age

A major driver of this momentum is the active wealth transfer from first to second generation family leaders. The same Deloitte report reveals that over half of SFOs in Hong Kong now have second- or third-generation family members in key leadership roles. It is a sign that intergenerational transition is no longer a future concern, but a present reality. Increasingly, older generations are seeking to pass on wealth strategically.

From Insight to Action: The Role of Family Office Partners

While the purpose behind family wealth may remain timeless, the tools to preserve it are evolving. For UHNW families building or scaling their presence in Hong Kong, family office service providers like Lioner offer bespoke solutions that integrate insurance, trust, and family governance into a single continuous strategy.

This isn’t just about managing capital. It’s about clarifying values, ensuring continuity, and enabling the next generation to lead with foresight and confidence.
“At Lioner, we’re seeing more second-gen leaders take the reins but with a modern lens,” says Andrew Chan, Partner at Lioner. “It is not just about preserving what was built, but evolving it through better governance, risk mitigation, and forward-looking planning.”

Rethinking Insurance: A Strategic Asset in Family Office Structures

As families grow more global and their wealth spans multiple jurisdictions, insurance is being reimagined as an essential tool within the broader family office strategy and not just for risk mitigation. From creating liquidity to fund estate tax, to equalising inheritance across family branches, to protecting family business continuity, large-scale life insurance offers agility in an otherwise illiquid environment. Private Placement Life Insurance (PPLI), for example, allows cross-border families to access institutional investments, while benefiting from tax deferral, asset protection, and customised structuring. These solutions are particularly powerful when blended with trustee and legal services under the umbrella of a dedicated family office.

With increasing numbers of family members living, studying, or investing abroad, pre-migration insurance planning is also on the rise.

The Time to Build Is Now

With about US$18.4 trillion of wealth is forecast to be transferred by HNWIs before 2030^[2], the time to act is now. A family office is more than an operational hub. It is the custodian of a family’s purpose, values, and aspirations.

At Lioner, our multi-disciplinary platform empowers families through an integrated approach to wealth, combining expertise in insurance, trust planning, and governance to create enduring family legacies.

Ready to build a future-fit family office?

^[1] Latest market study on the Family Office Landscape in Hong Kong

^[2] US$18.4 trillion of wealth is forecast to be transferred by HNWIs before 2030