Singapore has firmly established itself as Asia’s premier wealth management hub, attracting high-net-worth individuals (HNWIs) and families from across the region and beyond. Singapore’s wealth management industry is still doing well, even though there are many uncertainties around the world. The total amount of private banking assets under management is about $900 billion. The Monetary Authority of Singapore (MAS) does a fantastic job of regulating businesses to make sure they are honest, open and focused on their customers.
Choosing the right wealth management partner is essential for rich people and families who want to keep their money and grow it. Singapore has a wide range of private banks, asset managers and multi-family offices, each with its strengths and areas of expertise. This list shows five of the best wealth management companies in Singapore, chosen based on their reputation in the market, the amount of assets they manage, the quality of their service and how well they fit into the local and regional wealth management ecosystem.
How we selected the top wealth management firms
This list is based on things that are especially important for managing wealth in Singapore. Companies were judged on how well-known and established they were in the Singapore market, how much experience they had in key wealth management services, how much money they managed (if they had any), how well they were known by industry sources and how well they could meet the needs of high-net-worth clients. This is not an official ranking; it is a carefully chosen list to help people and families choose the best wealth management partners.
List of top 5 wealth management firms in Singapore
- DBS Private Bank
- UOB Asset Management
- BlackRock Investment Management (Singapore)
- Taurus Wealth Advisors
- Avestar Capital
Closer look at each wealth management firm
1. DBS Private Bank
DBS Private Bank is the wealth management branch of Singapore’s largest bank and is a major player in the region’s private banking scene. The bank has a large presence in Asia, including Singapore, Southeast Asia, Hong Kong, Greater China, Taiwan and India. It has reached about 40% of the region’s ultra-high-net-worth population.
Key wealth management services
- All-in-one private banking and wealth management services
- Advising on investments and managing portfolios on a discretionary basis
- Investment advisory and discretionary portfolio management
- Succession planning and wealth structuring
- Family office services through proprietary MFO VCC platform
- Digital asset services including tokenization, custody and regulated digital exchange (DDEX)
Ideal client type
Ultra-high-net-worth individuals, families and family offices seeking a trusted partner with deep regional expertise and innovative digital capabilities. Particularly suitable for clients with multi-jurisdictional wealth interests across Asia.
Notable strengths or differentiators
- Market leadership: The bank’s assets under management grew by 20% to SGD 320 billion ($245.5 billion), showing that clients trust the bank and that the market is moving in its favor.
- Relationship manager growth: The number of relationship managers in Hong Kong grew by 41% and in Singapore by 24%. This is because more clients want personalized advisory services.
- Digital innovation: DBS is the only bank in the world that offers tokenization, custody and a regulated digital exchange all in one platform. This makes it easy to add digital assets to traditional investments.
- Family office expertise: Rich families have restructured offshore holdings into Singapore domiciles through DBS’s proprietary MFO VCC platform for tax and governance optimization.
Contact information
Official website: www.dbs.com/privatebanking
2. UOB Asset Management
UOB Asset Management, a part of United Overseas Bank Limited, offers complete wealth management solutions by combining a lot of local knowledge with a global view. It is one of the biggest and most trusted fund houses in the area, managing billions of dollars in assets and offering a wide range of unit trusts, ETFs and institutional mandates.
Key wealth management services
- Mutual funds and unit trusts for both regular and accredited investors
- Managing a portfolio at your own discretion
- Strategies for fixed income and equity
- Funds that follow Shariah law
- Investment options that are good for the environment and long-term health
Ideal client type
Retail investors are looking for trusted, established fund options, while high-net-worth individuals require personalized wealth management services with strong regional expertise.
Notable strengths or differentiators
- To be regionally dominant, you need to have a strong presence in Southeast Asia and know a lot about the local markets and what investors want.
- Funds that have won awards: Their fixed income and Shariah-compliant funds keep winning awards, showing that they do well with various strategies.
- Trusted brand: United Overseas Bank has a favorable reputation and is financially stable, which gives clients peace of mind.
Contact information
Official website: www.uobam.com.sg
3. BlackRock Investment Management (Singapore)
The Singapore branch of BlackRock, a global asset management company, offers institutional-grade investment services to clients in Singapore and around the world. BlackRock is the world’s biggest asset manager and its Singapore office gives investors access to global markets, advanced investment strategies and the latest tools for managing risk.
Key wealth management services
- iShares ETFs for a wide range of market exposure
- Portfolios that include ESG factors and ways to invest that are good for the Strategies for multiple assets and portfolios that manage risk
- Multi-asset strategies and risk-managed portfolios
- Institutional answers for pension funds and sovereign wealth funds
- Aladdin platform to help you make better investment decisions
Ideal client type
Sophisticated investors, family offices and institutions seeking global diversification, ESG-focused strategies and access to world-class investment research and technology.
Notable strengths or differentiators
- Global scale and resources: Our unmatched global presence gives clients access to a wide range of markets and investment options.
- ESG leadership: a strong commitment to investing in a way that is good for the environment and society, with full integration of ESG factors into all portfolios.
- Advanced technology: The Aladdin platform makes it easier to make investment decisions by providing advanced risk analytics and portfolio management tools.
- Research excellence: Deep macro insights and market analysis help you make smart investment choices.
Contact information
Official website: www.blackrock.com/sg
4. Taurus Wealth Advisors
Taurus Wealth Advisors is an independent wealth management company based in Singapore that helps wealthy individuals and families with their family offices. The company started in 2008 and now has offices in Dubai and Zurich. It has over 60 employees around the world and manages $3 billion in assets.
Key wealth management services
- Independent advice and management of wealth
- Services for multi-family offices
- Building a portfolio and giving investment advice
- Planning for taxes and wealth
- Family governance and education for the next generation
Ideal client type
High-net-worth individuals and families seek conflict-free, independent advice, free from the proprietary product pressures of large banking institutions.
Notable strengths or differentiators
- Conflict-free model: A unique business model that puts the needs of clients first by avoiding conflicts of interest that come with institutions that push products.
- Global footprint: Our offices in Singapore, Dubai and Zurich make it easy for clients with international lifestyles and cross-border wealth to get the help they need.
- Independent view: Taurus is an independent company, so it can give you unbiased advice on all types of investments without pushing its products.
- Attention to detail: With 60 professionals managing $3 billion in assets under management (AUM), clients get very personalized service and attention.
Contact information
Official website: www.tauruswealthadvisors.com
5. Avestar Capital
Avestar Capital is a US-based multi-family office that opened its Singapore office in January 2026. This was a big step forward in its plan to grow globally. The Singapore office is Avestar’s Asia-Pacific hub and is led by CEO Zal Devitre, who has more than 20 years of experience in international wealth management. The office continues the company’s founder-led approach to providing personalized wealth management for ultra-high-net-worth families in the region.
Key wealth management services
- An investment advisory that combines the strict rules of US wealth management with knowledge of family dynamics around the world
- Planning for taxes and estates in more than one place
- Advising on philanthropy and impact investing
- The next generation of education and family management
- A platform for managing all of your family’s wealth without conflict
Ideal client type
Ultra-high-net-worth families and entrepreneurs with multi-jurisdictional interests seek an advisory partner that combines institutional-grade expertise with deeply personal, agile service.
Notable strengths or differentiators
- Founder-led approach: Xerxes Mullan, the company’s founder, leads with an entrepreneurial spirit and a long-term commitment to client relationships.
- Cross-border expertise: We help families whose goals and interests cross borders by providing seamless global connectivity.
- Values-driven philosophy: Puts a lot of importance on trust, discretion and long-lasting results, which is exactly what Asia’s wealth creators need.
- New to the market: Started operations in Singapore in early 2026, bringing a new perspective and deep US wealth management knowledge to the Asian market.
Contact information
Official website: www.avestarcapital.com
How to choose the right wealth management firm
First, look at how much money you have and how complicated it is. The minimum amount you need to invest varies a lot, but for private banking services, it usually starts at SGD 1,000,000. Management fees range from 0.35% to 1.25%, depending on the size of the portfolio and the services needed. Ultra-high-net-worth families with complicated needs that cross borders may need multi-family office services from companies like Taurus Wealth Advisors or Avestar Capital.
Second, think about how much you need to be independent versus how much you need support from an institution. Global companies like DBS Private Bank and BlackRock have many resources, do their own research and have platforms that work together. Independent companies like Taurus Wealth Advisors give advice that is free of conflicts of interest and pressure to buy their products. What you choose depends on whether you prefer institutional scale or independent objectivity.
Third, think about where the focus is. If most of your money is in Asia, DBS’s large regional footprint has some unique benefits. BlackRock’s global reach gives you access to international markets like no other company. Avestar’s cross-border expertise in wealth management between the US and Asia may be helpful for families with interests in more than one country.
Fourth, look at specialized skills. Think about whether you need specialized knowledge in areas like sustainable investing (BlackRock’s ESG leadership), digital asset integration (DBS’s tokenization platform), Shariah-compliant funds (UOB Asset Management), or family governance and next-generation education (Taurus and Avestar).
Fifth, check the person’s professional credentials and regulatory standing. MAS regulates all businesses in Singapore and makes sure they follow strict rules. Look for fee structures that are clear, clear communication about conflicts of interest and a clear commitment to putting clients first.
Individuals and families looking to protect and grow their wealth have access to top-tier services for wealth management in Singapore. DBS Private Bank is the leader in its field because it has a strong presence in the region and is always coming up with new digital ideas. UOB Asset Management has a lot of experience in the area and is known for getting good results in Southeast Asia. BlackRock is the best in the world at ESG and global scale. Taurus Wealth Advisors gives you independent, conflict-free advice with a personal touch. Avestar Capital gives a new look at wealth management in the US and Asia, with a focus on founder-led dedication.
The right partner for you will depend on how much money you have, where you live, whether you want to be independent or have institutional support and your family’s specific needs. We suggest meeting with the firms you’re considering for initial consultations to see how well they understand your situation and how well their advisors get along with your family.
Frequently asked questions
1. What is the minimum investment required for wealth management in Singapore?
In Singapore, the minimum amount you need to invest in private banking is usually SGD 1,000,000, but this can change depending on the bank and the services you need. Depending on the size and complexity of the portfolio, management fees usually range from 0.35% to 1.25% of the assets under management.
2. How are wealth management firms regulated in Singapore?
Wealth management firms in Singapore are regulated by the Monetary Authority of Singapore (MAS) under strict regulatory frameworks, including the Banking Act and Securities and Futures Act, ensuring client protection and financial stability.
3. What is the difference between a private bank and a multi-family office?
Private banks provide a wide range of banking and investment services all in one place, often with their products. Multi-family offices offer independent, all-around wealth management services like tax and estate planning, investment advice and more.
4. Are wealth management firms in Singapore suitable for foreign investors?
Yes, Singapore is a great place to manage wealth across borders and there are companies that specialize in helping clients from other countries. DBS Private Bank works with clients all over Asia, but Avestar Capital only works with families who have interests in both the US and Asia.
5. What documentation is required to open a wealth management account?
A valid passport, proof of residence and a declaration of the source of funds are all common requirements. Depending on where the wealth came from and how complicated the structure is, more paperwork may be needed.
6. How do wealth management firms in Singapore approach sustainable investing?
More and more, top companies are taking Environmental, Social and Governance (ESG) factors into account when making investment choices. BlackRock is a world leader in integrating ESG and UOB Asset Management has special funds for sustainable investing.
