Asian Wealth Management Forum 2019 SG - Highlights - Lee Woon Shiu

Woon Shiu Lee of DBS Private Bank

May 29, 2019

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1. What are the challenges and opportunities for this industry?

Video transcript

1. What are the challenges and opportunities for this industry?

These are one and the same to me. I think there are key elements that stand out, complexity and transparency. We live in a complex and transparent world, and these two elements make it a really, really good time for planners to get in the game and to really, really give the best advice they can give to the clients. Because of complexity and transparency the clients are more receptive these days to planning and advice. That's where the opportunities will arise, and that's when in terms of the whole range of what you can cover, is no longer just a trust. It's actually pre-trust planning for immigration, maybe succession planning for governance. You talk about insurance, talk about governance for sustainably giving in terms of philanthropy, it's the whole spectrum. I think these two elements really give advisors a field day to do what they want to do.

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