A comprehensive family wealth management system consists of at least three components: the core of the system, the system support and the system guarantee. Accordingly, its completeness relies on three core parts: goal management, wealth management tool, and family governance mechanism.

At first, the family wealth goal plays a core role in the management system, encompassing the four major wealth goals: safeguarding wealth, growing wealth, fostering harmonious wealth, and preserving enduring wealth, which are interlinked and interacted, placing the core and leading role in family wealth management, of which security is the foundation. Security serves as the foundation, upon which wealth growth is pursued. Likewise, harmony is achieved on the basis of both security and growth. By doing so, long-term prosperity can be achieved.

Secondly, wealth management tools serve as the backbone for achieving family wealth goals, necessitating the integrated use of various tools such as investment banking, financial planning, gifting, testamentary, and family trust. Besides, with distinctive advantages, these tools should be selected and combined based on the specific conditions of families, so as to achieve wealth creation, protection, and inheritance.

Last but not least, family governance mechanism, as a guarantee of the management system, requires to establish an effective governance structure within the family, while achieving joint wealth management goals. Family governance not only includes the wealth protection and operation of wealth, but also involves family members’education and cultivation, so as to ensure long-term stability in family wealth.

The completeness of family wealth management system demonstrates a combination of family wealth goals, wealth management tools and family governance mechanisms. Hong Kong Fiduciary Association Limited will continue to serve as a connector linking between high-net-worth individuals and inheritance service providers, providing professional and dedicated family wealth management services, and assisting families in establishing a comprehensive wealth management system, so as to ensure long-term growth and inheritance of family wealth.