A year ago, SMU launched the Business Families Institute (BFI) to educate family-owned businesses in governance and management. This is one recent initiative that may be helping to attract family offices to Singapore, along with tax and other incentives. Evidence suggests that the pace of adoption is picking up in Singapore. Although so much investable wealth exists in Asia, the family office remains in its infancy. Campden Wealth, a research company, estimates that between 100 and 120 single family offices operate in the region, with 75 per cent of them in Hong Kong and Singapore. That compares with an estimated 2,000 such companies in Europe and North America.