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Wealth Planning at DBS Treasures Private Client
New: Feature Publication 2022
Following three successive years of seminal publications on Family Offices we are delighted to continue our thought leadership in this space with the launch on 13 October 2022 of “New Economy, Next Generation: Family Offices in a Changing World” 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.
Read the new feature publication here:
All feature publications:
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.
View the feature publication here:
The Family Office Boom – Contrasts between East and West
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.
DBS Multi Family Office
The DBS Multi Family Office Foundry VCC is the world’s first bank-backed multi family office launched in Singapore that leverages the Singapore variable capital company structure. It offers an alternative option for ultra-high net worth families who are seeking a safe and secure platform in Singapore for their investments but are not yet ready to set up their own single family office.
To find out more, get in touch with our Wealth Planning team.
Interested to find out more about our wealth perspectives?
Check out these articles to find out more about wealth planning:
Pitfalls of Using Single Name Accounts
Issues involving UK & US Situs Assets
Changing Times, Changing Needs
Please call 1800 221 1111 and ask for a Wealth Planning specialist.
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