According to a report by SCMP, 26 Sep 2013, “wealth owned by high-net-worth individuals (HNWIs) in Asia is expected to reach US$15.9 trillion by 2015, surpassing top market North America”. Asia Pacific has seen rapid wealth accumulation over the past 5 years. The wealth of HNWIs in Asia Pacific underwent a similarly striking increase of US$2.5 trillion during this period, compared with less than US$1 trillion for North America. It expects the wealth of these individuals in Asia Pacific to grow at 9.8% annually.

Real estate was the most favorite asset type for investors in the Asia Pacific excluding Japan. On average, the rich would allocate 24.6% of total investable assets in property in the region while a North America investor would put just 13.5%. Rich Asians show different investment traits from their American or European peers, posing professional wealth managers a greater challenge to meet local preferences. While legacy concerns of HNWIs and their families are unique, how could a professional wealth manager offer assistance to better understand each client’s financial outlook, provide a legacy plan and strategy to realize long-term and far-reaching goals and objectives with universal life products?


During the 2.5-hour seminar, the speaker will cover two important questions:

  • Do HNWIs need to plan for their legacy? And Why?
  • If ‘yes’, how Universal Life Products can be used for legacy planning

Event Details:
Date: 11 Dec 2013 (Wed)
Time: 7:00-9:30pm
Venue: KORNERSTONE Institute
  15/F Hip Shing Hong Center, 55 Des Voeux Road Central, Central, HK
Medium: English
Speaker: Mr. Carl Thong
Fee: HK$800
  Early bird rate: HK$625 (on or before 5 Dec 2013)
 
 

About the Speaker:

Mr. Carl Thong

  • Member from the Board of Standards of CWM Institute
  • Former advisor coaching C-level executives and Directors on strategy and leadership skills for major banks including UBS, Credit Suisse, Goldman Sachs, Bank Negara Indonesia, The Royal Mint of Malaysia, Prudential and Habubank
  • Chairman of the Sunstone Group (1989) which owns companies in consumer healthcare, retailing, wealth management, training and call centers. It operates in Singapore, Jakarta, Kuala Lumpur, Hong Kong, Beijing, Shanghai, Ho Chi Min City, Hanoi and Tokyo
  • Held a range of C-level roles and board positions in multinationals in the USA, Japan, South Africa, Malaysia and Singapore
  • Fluent in English, Indonesian, Chinese and Japanese and frequently speaks at wealth management and financial industry events