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  "documentTitle": "APAC Family Office Study",
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  "notes": "Data presented as a stacked bar chart showing the degree of outsourcing (Mostly outsourced, Partially outsourced, Mostly in-house, Unsure) across 7 business functions.",
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      "text": "Investment management is the least outsourced function which reflects its high priority for family offices, i.e. management and protection of the family wealth.",
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      "text": "Internal vs. external investment management: Investment management is the least outsourced function which reflects its high priority for family offices, i.e. management and protection of the family wealth.",
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      "text": "Tech-savvy solutions for family offices: Most of the family offices outsource their IT. We observe an emergence of technology vendors in Singapore offering innovative managed service packages to support the administration of the family office.",
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      "text": "Outsourcing HR and tax functions: Smaller family offices especially prefer to outsource HR and tax to niche providers. Most cited reasons were seasonality of business activities and cost efficiency of outsourcing.",
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      "text": "11 | APAC FAMILY OFFICE STUDY",
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