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As the ranks of the wealthy grow in an increasingly global and digital economy, there remain challenges, which range from evolving family investment strategies and regularly changing tax regimes, to more sophisticated family governance requirements and changing immigration laws.
Yet the COVID-19 pandemic also brought about a seismic shift in the attitudes, perspectives, and approaches of the HNW individuals and families vis-à-vis wealth management. This emphasises their need to look more closely at trusts, wills, lasting powers of attorney, estate and succession planning, as well as wealth preservation.
Our Private Wealth team comprises of partners from across practice areas as we believe that a firm should know their HNW clients intimately in order to best serve their legal needs. From legacy planning to commercial dealings, our team comprises partners from the areas of corporate, real estate, trusts and trusts disputes together with the private wealth specialists. Collaboration with our ASEAN+ Offices and RHT Group of Companies is key for this to happen.
The domain of Private Wealth is becoming more and more sophisticated with increasingly discerning clients. To meet the clients’ requirements, we have set up specialisation areas:
We are the founding member of the ASEAN Plus Group (APG). APG is a group of full-service and well-established law firms in Asia. The group functions as a bridge for our clients to venture regionally with confidence. APG provides clients direct access to 16 lucrative markets in the region, including Singapore, Australia, Bangladesh, Cambodia, China, Hong Kong, India, Indonesia, Malaysia, Philippines, South Africa, South Korea, Taiwan, Thailand, United Arab Emirates, and Vietnam. We were awarded Tier 2 ranking in Legal500’s 2020 and 2021 editions for Private Wealth. This well-deserved and hard-earned award is truly a mark of recognition and endorsement from external stakeholders and other players within the Private Wealth industry.
To further address the increasing sophistication and to meet wide-ranging needs of clients in this space, we have created 12 sub-groups within the Private Wealth Industry Group and these are headed by dedicated Partners and Consultants with the relevant legal expertise and skills.
These 12 sub-groups are: