Boom coming, but Asian family offices must mature: UBS

Asia is set to see a boom in family offices, although they are less sophisticated and professional than they need to be and there's a lot of family wealth tied up in illiquid assets, finds new research. There are estimated to be just 100 family offices in Asia-Pacific, meaning their proliferation is not in line with the regional explosion of wealth, according to a study by UBS and Campden. While it is understood that wealth in Asia is less mature than in the US and Europe, the s…