Wealth in Singapore: HNW Investors 2018
Summary
The local HNW segment is older than their global peers, highlighting the need for wealth preservation and efficiently passing on wealth through the generations via trusts or simple inheritance planning. Other opportunities include repatriation of offshore assets and high demand for tax planning due to changes brought about by the OECD’s Common Reporting Standard (CRS). One of the main challenges is the dominance of advisory asset management, whic
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- List of Tables
- Table 1: Cash and near-cash products: importance of asset allocation drivers 52
- Table 2: Equities: importance of asset allocation drivers 53
- Table 3: Bonds: importance of asset allocation drivers 53
- Table 4: Property: importance of asset allocation drivers 53
- Table 5: Commodities: importance of asset allocation drivers 54
- Table 6: Alternatives: importance of asset allocation drivers 54
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- Table of Contents
- 1. EXECUTIVE SUMMARY 2
- 1.1. Singapore’s wealth market is dominated by foreigners 2
- 1.2. Key findings 2
- 1.3. Critical success factors 2
- 2. OVERVIEW 9
- 2.1. Singapore is a crowded market, requiring a targeting strategy customized to a diverse array of HNW investors 9
- 2.2. Demographics: Professionals employed in the financial services industry represent a lucrative target market 10
- 2.3. Expats: Wealth managers in Singapore cannot afford to ignore the expat opportunity 11
- 2.4. Inves
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