Wealth (July 2019)

SPOTLIGHT

Engaging the next generation

NEXT-generation programmes for children of wealthy clients may not generate revenues directly for wealth managers. But they are an integral part of a private bank's offerings.

RISKS associated with an operating business make it imperative for business owners to do financial planning. 

Branded Content

IT is tempting to believe that high net worth (HNW) families can afford to coast on their good fortune: They may operate a thriving business, own enough assets to eventually distribute to their children, and do not lack funds for life events such as a wedding or children’s university education.

AT THE HELM

MOST scions of ultra high net worth families are set for an executive role at the helm of a family business or even at large listed corporations with substantial family-held interests.

BUSINESS FAMILY INSIGHTS

IMPACT investments are increasingly capturing the imagination and passion of younger investors, but one family has done more than just dip their toes into the asset class. Lam Shumei, daughter of the late successful entrepreneur and businessman Larry Lam, built a chicken farm in Rwanda from scratch in 2014, braving an arid bushland, unfamiliar business milieu and a host of challenges such as a small market size and high costs.

LEGAL VANTAGE

CHARITIES in Singapore attracted approximately S$2.9 billion in donations in 2016; however donations only account for 17.3 per cent of the charity sector's 2016 annual receipts of S$16.6 billion, which includes government grants, donations, as well as fees and charges.

FOR a millennia, Asia's thinking about legacy has been framed by the Confucian ideals of family.

Asset Manager

PRIVATE debt is rapidly emerging as an asset class in its own right, driven partly by investors' search for attractive yield and an asset class not correlated with traditional stocks and bonds.

A BACKDROP of increased uncertainty prevails following the renewal of US/China trade tensions.

Roundtable

US/China trade tensions dampen projections of global growth. But the expected interest rate cuts by central banks have lifted market sentiment.

Lifestyle

AUSTRALIA has emerged as a great place for the well-heeled gourmand.