Considerations for clients when engaging third parties
Marcus Leese of Ogier outlines the things clients should consider before engaging a third party professional services provider - emphasising the importance of communicating what it is the client wants to achieve.
Meeting clients' planning and structuring needs
Britta Pfister of Rothschild outlines the key issues faced by wealthy clients today - and how regulatory initiatives can help firms move away from "productisation" and towards providing solutions that really meet their clients' needs.
The cost of compliance today
Angelo Venardos outlines the 3 major regulatory issues and associated costs firms face today, and underlines the importance of demonstrating to clients why they must pay a premium for good service.
What it takes to run a successful trust business
Alan Taylor of EFG Trust explains why it is beneficial for banks to offer wealth planning services, and what it takes to run a successful trust business today.
Bringing value to families in Asia
Mark Smallwood of Deutsche Asset & Wealth Management articulates what constitutes a successful wealth planning offering, and explains that it is sometimes necessary to engage specialists from outside of the bank.
The rise of high-end insurance in Asia
The high-end insurance market has grown and matured significantly over the last 10 years. Wealthy clients today are very aware of the impact that swings in the financial markets can have on them as individual investors - and are therefore turning to solutions such as high-end insurance as a risk mitigating instrument, says Martin Wong, general manager, South-East Asia at Jardine Lloyd Thompson.
Dealing with BVI assets in a person's estate: what you need to know
Omonike Robinson-Pickering of Walkers describes the documentation that may be required in order to deal with BVI assets in a person's estate, how the process may differ depending on the type of will or trust in place, and what executors and administrators need to beware of.
What's on the cards for wealth planners in Hong Kong?
As the wealth in Asia matures, there's a growing need across Asia for holistic wealth planning. But activities that involve dealing with families and investigating their problems require time. And as most banks don't attach a fee for wealth planning services, finding ways to monetise that time can be a challenge. These were some of the views of leading wealth planners in Hong Kong at Hubbis' wealth-planning focused roundtable in early October.
What it takes to be a world-class trustee
Understanding clients' needs and giving advice that is in the best interests of the individual are imperative if trustees want to build deep and long-lasting relationships with clients and their families, says Melanie Rihoy, who oversees Hong Kong and Singapore at Nerine Trust.
Readying for the transmission of wealth in Asia
Nigel Rivers of TMF Group outlines some key areas that UHNW individuals should - but often fail - to consider in relation to the transfer of wealth from one generation to the next.
What happens to BVI company shares after the shareholder's death
Omonike Robinson-Pickering of Walkers explains the processes that take place when somebody dies and leaves behind shares in a BVI company, outlining the consequences of not having the right succession plans in place - particularly in situations where the deceased is the sole shareholder in the company.
What to do with BVI assets in a person's estate: an introduction
Omonike Robinson-Pickering of Walkers gives an introductory overview of the steps that administrators, executors, and family members should take when dealing with a deceased person's estate that includes BVI property.
Assessing the role of independent trust providers
While bank-owned trustees are the preferred choice among many wealthy clients in Asia, getting the optimum structuring solution might involve using an independent provider, said industry experts at a Hubbis roundtable discussion in Singapore in early October.
Bank-owned trust companies: creating a model that works
Wealth planning experts at a Hubbis roundtable discussion in Singapore in early October questioned the role that bank-owned trust businesses should play in advising on certain issues relating to family wealth, as well as the types relationships they should have with the families.
Singapore: a leading centre for structuring?
Hubbis' recent wealth planning roundtable discussion in Singapore in early October - which brought together senior practitioners from private banks, trust companies and law firms - debated the future of the wealth structuring industry in Singapore, including how firms can take advantage of the abundant opportunities Asia's wealth represents.
What today's regulatory environment means for trustees
Sweeping changes to tax legislation, along with the global push for automatic exchange of information, have had significant implications for firms and individuals in the fiduciary industry. The large number of legacy trusts set up before reforms were introduced now represent a concern for many players, explained wealth planning practitioners at a Hubbis roundtable discussion in Singapore in early October.
How to make the most of trusts
Tan Choon Leng of RHTLaw Taylor Wessing LLP discusses the benefits of using trusts, and explains how trusts often need tailoring and reviewing because every family is unique, and because situations will inevitably change.
The winning formula for a successful family business
H P Shah of Value Plus Family Office explains that family bonding is the key to a successful and prosperous family business - and stresses the importance of diversification of assets.
The importance of planning for the future
Tan Choon Leng of RHTLaw Taylor Wessing LLP outlines why wealth and estate planning is so important today, and discusses some of the common concerns wealthy clients have.
Developing stewardship in the next generation
Christian Stewart of Family Legacy Asia outlines the key considerations for families wanting to prepare the next generation for working in the family business.
What Universal Trustees has to offer
Ashvini Chopra, chief executive officer and managing director of Universal Trustees, explains the role of trust companies and their services in India.
Tailoring trusts in India
Ashvini Chopra, chief executive officer and managing director of Universal Trustees, explains the various considerations and objectives when setting up different types of trusts for Indian clients.
Trends in wealth planning in India
Ashvini Chopra, chief executive officer and managing director of Universal Trustees, talks to Hubbis about some of the trends - and uncertainties - arising in wealth planning in India.
Creating more awareness for trusts in India
Tariq Aboobaker, managing director of Amicorp Trustees India, explains to Hubbis the role and value of corporate trustees, and discusses the most effective way for individuals to think about - and use - trusts.
Traditional offshore centres maintain their allure
Richard Grasby, head of trusts and private wealth for Maples and Calder in Asia, discusses with Hubbis why the British Virgin Islands (BVI) and the Cayman Islands are attractive jurisdictions for setting up trusts and other wealth planning-related structures.
Wills and trusts
Shailesh Haribhakti, chairman of DH Consultants, outlines the areas for clients and advisers to consider when going through the process of making a will.
Wealth planning in India
Shailesh Haribhakti, chairman of DH Consultants, discusses how wealth planning is developing as a key element of wealth management in India.
Why family issues are key for HSBC Private Bank
Bernard Rennell, chief executive officer, North Asia, global private banking, and global head, private wealth solutions, at HSBC Private Bank, explains to Hubbis why it is so important to focus on resolving personal and family matters as the way to a client's heart.
Helping clients plan in a complex world
Jonathan Hubbard, managing director and head of wealth planning for Asia Pacific at UBS Wealth Management, talks to Hubbis about the critical issues clients face today relating to wealth planning and structuring.
Handling tricky topics with clients
Fan Choi of Coutts outlines some key considerations for clients and advisers with estate and succession planning, and suggests ways to breach sensitive topics.