Many have heard of the old proverb “Shirtsleeves to shirtsleeves in three generations.” In Japan, the expression goes, “Rice paddies to rice paddies in three generations.” In China, “Wealth does not last beyond three generations.” These depict the challenges wealthy families face in sustaining and passing on their wealth.

Many have heard of the old proverb “Shirtsleeves to shirtsleeves in three generations.” In Japan, the expression goes, “Rice paddies to rice paddies in three generations.” In China, “Wealth does not last beyond three generations.” These depict the challenges wealthy families face in sustaining and passing on their wealth.

The Hubbis Independent Wealth Management event of May 11 in Singapore featured a panel discussion that focused attention on how EAMs can strive to differentiate themselves through the curation of new and interesting investment and product ideas, and through more comprehensive engagement with clients and their family members. Gary Tiernan, CEO of Capital at Golden Equator Wealth, sat as one of our expert panellists. Hubbis summarises some of his views in this short report.

With the recently tightened criteria on tax incentives 13O and 13U announced by the MAS on Monday, our Managing Partner Gary Tiernan shared his views with The Straits Times.

When Shirley Crystal Chua took a leap of faith to go independent 10 years ago and set up Golden Equator Wealth in Singapore, she was entrusted with the wealth management needs of eight UNHW families. Today, her multi-family office (MFO) helps to manage the wealth of 40 families across Asia, and the business has evolved into a holding company.

Reflecting on the takeaways from over a decade of building and preserving wealth for Asia’s UHNW families, Founder and Group CEO of Golden Equator, Shirley Crystal Chua is building a business to survive for centuries to come.