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Wealth Planning at DBS Private Bank
New: Feature Publication
Following the launch of the report "The Family Office Boom - Contrasts between East & West" commissioned by DBS and written by The Economist Intelligence Unit in 2020, we are delighted to continue our thought leadership on the evolution of Family Offices in Asia.
On 22 September 2021, we launched “Governance and Succession: Family Offices and the Chinese Diaspora in Asia”, our second report from The Economist Intelligence Unit to explore the history, dynamics and governance implications as they relate to families of the Chinese diaspora in Asia and their businesses and family offices.
View the feature publication here:
Governance and succession: Family offices and the Chinese diaspora in Asia
On 12 November 2020, we launched “The Family Office Boom – Contrasts between East & West” produced through the inaugural collaboration between DBS Private Bank and The Economist Intelligence Unit.
At a Glance
Every family is different, with different starting points and different objectives. Therefore, there is no one-size-fits-all wealth plan. The right wealth plan for you and your family is one that is customized to fit your unique circumstances and goals. Get the best in class solutions with us today.
The transfer of assets from one generation to another is an issue that all families must face. There are various solutions that you can implement. The right solution depends amongst other things on your residence/domicile and the location of your assets.
At its most basic, a family office is an entity that is used to professionalise the investment management of your wealth during and after your lifetime.
Depending on your needs, the family office’s responsibilities can be expanded to include providing other services to your family.
Traditionally, charitable giving may be simply you making “cheque-book donations” to institutions of your choice e.g. a hospital, school or non-profit organisation. Today, you may instead give to social enterprises that support specific causes that matter to you and your family.
Alternatively, you may go further and make investment decisions where financial returns are secondary to measurable social impact, a strategy often referred to as impact investing.
Cross-border taxation is a consideration that will be relevant to you if you have investments overseas (such as shares or properties) or have family members living abroad. With proper structures/ advance planning, complex tax implications or high tax exposure can be efficiently mitigated.
When it comes to family, nothing matters more than ensuring that their future is secure. You want to provide for them, protect them, and safeguard their best interests, knowing that when the future arrives, they have what they need.
Innovative life insurance solutions allow you to plan for unforeseen circumstances.
Interested to find out more about our wealth perspectives?
Check out these articles to find out more about wealth planning:
Changing Times, Changing Needs
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