NH Investment & Securities Surpasses 100 Family Office Service Subscriptions

NH Investment & Securities announced on the 10th that the number of families subscribed to its Family Office service has exceeded 100.

The Family Office service supports ultra-high-net-worth individuals (UHNW) in continuously advancing asset management, business growth, wealth succession, and value realization. Customers with a minimum of 10 billion KRW in entrusted assets are eligible to subscribe. Surpassing 100 subscribed families occurred 2 years and 9 months after its launch in October 2021, with particularly rapid growth as 36 families joined in the first half of this year alone.

NH Investment & Securities has a dedicated department for providing the Family Office service and operates a service platform built on an internal and external expert network. The Family Office Support Department researches topics and various cases of interest to Family Office clients to ensure stable wealth growth and intergenerational succession, while accumulating solution provision and service experience.

Among the Family Office services, consulting is mostly provided in a one-on-one customized format, and private seminars at the institutional investor level, held for a very small number of family clients, have received great responses from clients and private bankers (PBs). Additionally, through external partnership advisory services such as overseas real estate transactions, donation planning consulting, and family corporation establishment, a cooperative system has been established to promptly respond to various client inquiries. The company plans to discover additional service providers annually to smoothly offer necessary solutions to clients.

Baek Kwang-soo, Head of the Premier Blue Division at NH Investment & Securities, stated, “Focusing on changes among domestic ultra-high-net-worth individuals, we emphasize strengthening non-financial roles for the operation, management, and development of families from the Family Office perspective, beyond traditional securities investment advisory and corporate finance (IB) linked advisory functions of a securities company.” He added, “Going forward, we will enhance services supporting financial and real economy education and capacity development for the second generation of families, helping them grow into successful leaders in business succession, wealth inheritance, and family investment corporation management.”