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ALPS Advisory (HK) Limited

Multifamily office listing in Central, Hong Kong.

Headquarters: Central, Hong Kong

ALPS is a Hong Kong multi family office for private investors, families and family foundations.¹

Overview

ALPS describes its work as serving private investors, families and family foundations.¹ The firm states that it operates separately from banks and service providers.² Hong Kong’s Securities and Futures Commission regulates its Type 1 dealing in securities, Type 4 advising on securities and Type 9 asset management activities.³

History

Audrey Lo is Chairman and founder of ALPS Group.⁴ She established the group after completing a management buyout from Julius Baer in December 2002.⁴ The website gives 2003 as the business establishment year.⁵ ALPS states that its leadership team has worked together since 1988.⁶

Lo served as Managing Director of Julius Baer Investment Advisory Asia Ltd. from 1995.⁷ Her earlier Citibank positions included corporate banking, country office and Asian family business work.⁷ She is a Chartered Accountant qualified in Ontario, Canada.⁸

Timeline

1988ALPS states that its leadership team has worked together since 1988.
1995from 1995.
2002She established the group after completing a management buyout from Julius Baer in December 2002.
2003The website gives 2003 as the business establishment year.

Leadership

Jonathan Lo is CEO and joined ALPS in 2017.⁹ His responsibilities include less liquid investments such as private equity, real estate and direct investments.⁹ He previously co founded SaferTaxi Ltd. and served there as Chief Operating Officer.¹⁰ He holds an MBA from Harvard Business School and a Bachelor of Arts in Economics and International Affairs from George Washington University.¹⁰

Vincent Au is Managing Director and Head of Investments.¹¹ He joined in 2018 and works on investment strategies, choosing external managers and managing the ALPS Fund.¹¹ Earlier portfolio management positions included Asia Capital Re, Aerion, the MMC UK pension fund and British Airways Pension.¹² He holds a master’s degree from Lancaster University and is a CFA charterholder.¹²

Amy Ip is Managing Director and has been with ALPS since inception.¹³ She leads client servicing, operations and compliance.¹³ Caspar Welbergen serves as Chief of Staff to the CEO and joined ALPS as a Director in 2026.¹⁴

Chui Mei Ling is Managing Director in client relations. She joined in March 2021 after more than 20 years with UBS Wealth Management.¹⁵ Michelle Wong is Executive Director for marketing and client relationship management.¹⁶ She spent seven years at JPMorgan Private Bank covering high net worth clients in Hong Kong and mainland China.¹⁶ Ronnie Wu and Roland Eberhard are listed as external advisors.¹⁷

Client services personnel named by the firm are Eva Lee, Benjamin Lo, Mark Mak, Tiffany Fu, Jennifer Ngai, Florence Hui and Samantha So.¹⁸ Scott Yong and Dicken Sin are Associate Directors on the investment team and are CFA charterholders.¹⁹

Services

The firm lists discretionary investment management, an open architecture platform, transparent fees, consolidated investment reports and support from its investment team.²⁰ Its areas of work include family governance and administration, investment planning, monitoring and reporting across aggregate portfolios, and risk management.²¹

ALPS says assignments may cover analysis of asset classes, choosing external managers, investment reporting and combined reporting.²² The firm also discusses succession and wealth transfer matters, supported by relationships with family offices.²³ Its portfolio management advice may include arts and collectibles as well as traditional liquid wealth.²⁴

The firm describes monthly consolidated reports as covering performance attribution, benchmarks and an executive summary.²⁵ ALPS says its internal investment team uses a proprietary platform to investigate independent opportunities across asset classes, then follows results and risk across the portfolio.²⁶

What the firm offers

Investment management
Estate planning
Philanthropy
Family governance and education
Administration and bill pay
Risk and insurance

Client focus

ALPS says many clients continue to run operating businesses and have limited capacity to supervise their liquid wealth.²⁷ Its stated client groups are private investors, families and family foundations.¹

Investment philosophy and approach

The firm says its process starts by understanding each client’s needs and risk profile.²⁸ It uses that information for asset allocation, manager and security choices, portfolio implementation with suitable custodians, and ongoing review of portfolio performance and risk.²⁸ ALPS also says its investment team examines opportunities across asset classes and assesses outcomes at the portfolio level.²⁶

FAQs

What type of firm is ALPS?

ALPS describes itself as a Hong Kong multi family office serving private investors, families and family foundations.¹

Which regulated activities does ALPS conduct?

The firm is regulated for dealing in securities, advising on securities and asset management.³

Who leads investment work at ALPS?

Vincent Au is Managing Director and Head of Investments. Jonathan Lo leads less liquid investments, including private equity, real estate and direct investments.⁹¹¹

LocationMultifamily offices in Central
This Central-focused page helps readers compare Hong Kong office locations and consider access for private investors, families, and foundations. It may also clarify how a local setting relates to investment management, administration, family governance, and coordination with professional advisers.
GuideMultifamily office services
This overview explains the service areas a multifamily office may cover, including investment management, estate planning, philanthropy, education, bill pay, risk, and insurance. It gives a family or business owner a checklist for discussing which responsibilities should be handled together.
Network siteFamilyOffices.com
FamilyOffices.com offers resources and a community for wealthy families and single family offices. Readers can use it to explore governance, succession, philanthropy, and administration topics that may inform conversations with a Hong Kong multifamily office serving families and foundations.
GuideData privacy and security with an MFO
This page outlines questions about confidentiality, information handling, access controls, and third party providers when working with a multifamily office. Those points can help Hong Kong families and business owners assess how financial, family, estate, and bill payment information should be managed.
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These profiles provide nearby reference points for comparing service models among ASPIRE Multi-Family Office Limited, BIPPO Advisory Group (HK) Limited, and Raffles Family Office. A reader can review their stated focus areas alongside ALPS's services for private investors, families, and family foundations.

Sources

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.

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