Wealth Planning at DBS Private Bank

2023

On 19 October 2023, we launched “The Asian Family Office: Driving Impact and Innovation” in partnership with the Financial Times. This publication explores how Asian family offices are discovering a new era of passion and purpose. Featuring insights from Asia’s leading philanthropists and industry experts, delve into the evolving priorities of the younger generation and learn how risks can be turned into opportunities.

View the feature publication here:

The Asian Family Office: Driving Impact and Innovation
Supplementary Report: Tax Considerations in Key Asian Jurisdictions
(简中) 亚洲家族办公室 - 推动影响力和创新
(简中) 补充报告:亚洲主要司法管辖区的税务考量
(繁中) 亞洲家族辦公室 - 推動影響力和創新
(繁中) 補充報告:亞洲主要司法管轄區的稅務考量

2022

On 13 October 2022, we launched “New Economy, Next Generation: Family Offices in a Changing World”, our first report in partnership with the Financial Times to explore the complex challenges in this new post-Covid economy and how the next generation are helping their families navigate the future.

View the feature publication here:

New Economy, Next Generation: Family Offices in a Changing World
(简中)新经济,新世代: 瞬息万变世界中的家族办公室
(繁中)新經濟,新世代: 瞬息萬變世界中的家族辦公室

(简中)新经济,新世代: 瞬息万变世界中的家族办公室 (Pt. 1)
(简中)新经济,新世代: 瞬息万变世界中的家族办公室 (Pt. 2)

2021

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
(简中)治理与传承:家族办公室及亚洲华裔群体
(繁中)治理與傳承:家族辦公室及亞洲華裔群體

(简中)治理与传承:家族办公室及亚洲华裔群体
(繁中)治理與傳承:家族辦公室及亞洲華裔群體

 
2020

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.

View the feature publication here:
The Family Office Boom – Contrasts between East and West
(简中)家族办公室热潮:东西方对比
(繁中)家族辦公室熱潮:東西方對比

 
2019

In 2019, we launched “The Asian Family Office – Key to Intergenerational Planning” produced through the collaboration between DBS Private Bank and EY.

View the feature publication here:
The Asian Family Office – Key to Intergenerational Planning
(简中)亚洲家族办公室: 代际规划的关键
(繁中)亞洲家族辦公室: 代際規劃的關鍵

Components

Succession planning

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.

Family office

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.

Philanthropy

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.

Tax planning

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.

Liquidity planning

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.