Global Race to Manage Wealth Heats Up

A global race — especially in Asia — to attract booming family office businesses is underway. With residency, luxe living and low taxes mere table-stakes, the availability of trained employees to help the ultra-rich run their lives and their money has become a key battleground. Schools are popping up to train staff on everything from the perils of working for politically exposed people, to soft skills covering everything from Swiss watches to fine art.