It has been called the generation of the ‘Great Wealth Transfer’ and succession planning has never been more crucial than now, especially with the number of wealthy people in Asia hitting a record high in 2023. How can families successfully safe guard their legacies for the next generation? Correspondent Howie Lim gets expert advice from Angela Koh, head of wealth planning and family office advisory at UOB Private Bank.

Synopsis: The Business Times Branded Podcasts; finely curated, intelligent, thought provoking content for decision-makers. Inspired by the newsroom of your trusted partner.

This episode is brought to you by UOB Private Bank.

Do note: The material contained in this podcast is intended for information only and does not constitute recommendation or advice as it does not take into account personal objectives, specific goals or financial situation. UOB does not accept any responsibility for any loss or damage caused by any use of or reliance on the opinions or views expressed in this publication which may be subject to change due to dynamic market conditions.

Highlights:

00:57 How critical success planning is to long-term success

02:43 Challenges family businesses face

04:29 Shared purpose = sustainable legacy

07:27 Wealth management strategies

08:53 How UOB Private Bank is uniquely qualified to help

More about:

UOB Private Bank

Succession Planning

Family Office

Written and hosted by Howie Lim (howielim@sph.com.sg)

With Angela Koh, head of wealth planning and family office advisory at UOB Private Bank

Edited by: Howie Lim & Claressa Monteiro

Produced by: Howie Lim

Engineered by: Chai Pei Chieh

Executive producer: Claressa Monteiro

A podcast by BT Podcasts, The Business Times, SPH Media

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