Services
In view of the rapid changes in the international political and economic situation, you can diversify risk factors such as policy change and exchange rate by establishing a suitable financial service solutions that we offer to cater your individual, family and business needs, with the ultimate goal of wealth preservation and inheritance.
Fund Management
First Capital Global Management Pte. Ltd. is a licensed fund management company which has registered with the Monetary Authority of Singapore (“MAS”) and holds a Capital Markets Services (CMS) licence. We are able to create maximum value for you in market research, product selection and investment portfolio optimisation, with the objective of expand and pass on the wealth.
Our portfolio managers aim to generate long-term returns by investing in a balanced portfolio using value-based investment strategy and hedging currency and other risks when required. We provide fund management services with strong fundamentals and in-depth research and analysis to maximise return for your investor portfolio.
From setting up a Cayman Island fund or VCC (Variable Capital Company) in Singapore to all subsequent corporate actions, we ensure that our service is tailored and adjusted to your unique needs. We help to take care of every step of the fund life cycle, starting from creating your legal entity and draft your fund documents, to inviting your investors to sign documents and wire their capital and handle all the fund’s administrative and operational services.
DISCRETIONARY ACCOUNT MANAGEMENT
Enjoy a peace of mind and save precious time as you delegate the management of your portfolio and investment decisions to us.
After fully understanding of your personal and financial situation and goals, we will ensure that your investment strategy meets your individual objectives, requirements and risk profile. Our research and investment team conducts regular review and rebalance portfolio to make sure that your financial goals are always aligned.
As your portfolio is individually managed, our portfolio managers are always accessible to share their market insights that match with your investment strategy.
For accredited investor, there are more opportunities to diversify your investment portfolio and assess to restricted investments. We provide wealth management solutions that allow you to continue investing in various market conditions.
INVESTMENT ADVISORY
To ensure you are investing your money correctly, we provide ongoing wealth management advice and objective recommendations, identify potential blind spot in your investor portfolio and help customise portfolios to suit your risk profile and achieve best-possible investment results.
Our dedicated advisors can assist you in developing your own unique investment strategy, selecting suitable investment solutions and regularly monitoring the portfolios for a prudent stewardship of your assets.
Our guiding Core Value is to place our Partners’ interests first. This is achieved by developing long term relationships with a constant focus on delivering thoughtful, innovative, unbiased and trusted advice for you.
We, as an External Asset Manager (EAM), partners with prestigious private banking institutions such as Bank of Singapore and VP Bank to manage clients’ investment portfolio and deliver highly personalised client service. We provide high quality strategic advice on choosing between products and solutions and offer asset allocation advice that benefits you most. Under a power of attorney, your assets will not be at risk and be able to be booked across a range of diversified geographical locations.
FAMILY OFFICE SOLUTIONS
When your wealth has reached a certain scale, the general management methods may no longer be able to satisfy your needs. It is necessary to combine legal and tax planning solutions through parallel integration to satisfy your financial needs in compliance with relevant regulations.
You, as part of the family business can establish family office to achieve the goal of asset preservation and inheritance. We provide a comprehensive external asset management platform to help you and other family officers plan the establishment and operation of independent family offices, which assist to generate, manage and preserve wealth.
Singapore is an international financial and business centre with substantial economic activities and a vibrant wealth management sector. with solid framework of legal system, it also has an extensive tax exemption scheme and rich talent pool to support the establishment and growth of the family office.
We can assist family members to set up family office, apply for investment immigration and tailor unique solutions for family needs, which include but do not limit to sourcing for competent fund administrators and applying for tax exemption. Tax liabilities could be eliminated under Singapore’s tax incentive schemes for Singapore resident funds and family offices provide that the requirements are met.
The Singapore Resident Fund Scheme, or Section 13O of the Income Tax Act 1947 (the “Act”), exempts from tax the income earned by a Singapore-incorporated or variable capital company arising from investment in funds managed throughout each basis year period in any year of assessment by a family office in Singapore. To qualify for this scheme:
- Minimum fund size of S$10 million at the point of application and must commit to increasing to S$20 million within 2 years.
- The company’s issued securities must not all be beneficially owned by Singapore persons.
- The family office must hire a minimum of 2 investment professionals employed at the point of application, one of them can be hired within a year after the application.
- The family office must incur minimum annual total business spending as follows:
AUM | Minimum Annual Business Spending |
< S$50 million | S$200,000 |
>= S$50 million and < S$100 million | S$500,000 |
>= S$100 million | S$1 million |
The Enhanced-Tier Fund Tax Exemption scheme, Section 13U of the Act, exempts from tax the income arising from the family office. The fund must:
- Have a minimum AUM of S$50 million at the point of application
- The family office must hire a minimum of 3 investment professionals employed at the point of application, one of them must be a non-family member whom can be hired within a year after the application.
- The family office must incur minimum annual local business spending as follows:
AUM | Minimum Annual Business Spending |
< S$50 million | S$500,000 |
>= S$50 million and < S$100 million | S$500,000 |
>= S$100 million | S$1 million |
For both 13O and 13U applications, the fund must consist of at least 10% or $10 million, whichever is lower, of local investment as an ongoing requirement. If this condition cannot be met at the time of application, a grace period of 1 year may be given. Local investments include:
- Equities listed on Singapore-licensed exchanges
- Qualifying debt securities
- Fund distributed by Singapore-licensed/registered fund managers
- Private equity investments into non-listed Singapore incorporated companies (e.g. start-ups) with operating business in Singapore