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Private client services is an emerging trend in Singapore today

Of late, Singapore has been receiving increasing global recognition for its growing and vibrant private banking and personal fiduciary ecosystem. As the gateway and leading financial services hub in ASEAN, Singapore boasts of its well developed financial environment and a high standard of living.

This tempting combination often attracts High Net Worth (HNW) individuals across the world choosing Singapore as a place for living and managing their wealth amassed over the years.

HNW individuals are now presented with numerous options for wealth planning offered by private client services in Singapore. Deciding on the right option both from personal and organizational perspectives often becomes a serious challenge for them considering the constantly changing International legislations and tax structure.

As the international tax regulations get more demanding with ever-changing tax reporting landscapes, HNW individuals face unprecedented hurdles in complying with the regulatory requirements of the authorities in many tax jurisdictions.

The private client services in Singapore with the available knowledge and expertise can help the HNW individuals strategize their wealth planning with tailor-made customer-specific service packages. The tax compliance status of HNW individuals remains unaffected.

How do the private client services in Singapore work?

The private client services in Singapore are usually managed by a team of qualified and practising professionals with proven skills and expertise in international taxation, wealth structuring, asset management and protection, trust law, family advisory & property matters and succession planning.

The private client services in Singapore usually have their operational presence in multiple countries which help them understand the requirements and priorities of international HNW clients.

Typically, comprehensive and packaged services are delivered by the private client services in Singapore including asset protection, succession planning, will drafting and planning, philanthropy, trust services, tax compliance and risk management services. They also provide services to clients wishing to protect their wealth in the event of any future physical and mental mishaps. They typically possess high levels of skills and expertise in critical and complex business fields with proven reputations and work closely with the other service providers of their clients.

The private client services in Singapore maintain the utmost confidentiality in all their dealings with customers and provide them with the reassurance that their wealth is protected and safe complying with the requirements of international regulatory authorities and planned and structured efficiently for continued preservation in the future.

What are the services offered by private client services in Singapore?

The below-mentioned advisory and compliance services are generally provided

Wealth Planning

Corporate structuring

Bookkeeping, Accounting and Tax Reporting

Succession planning and wealth preservation

Property management and governance

Family offices, trusts and foundations

Handling partnership deals

Business transactions and profit-booking

Estate and wealth tax handling

Will planning and drafting including probate handling

Asset protection and structuring advice for international private clients

Immigration management and citizenship support

Tax administration, compliance and dispute resolution

Though the wealth management sector is currently passing through the changes of time, it also offers huge opportunities including access to advanced smart technologies, an increasing population of HNW Individuals and growing compliance costs.

Innovative private client services providers are entering the Singapore market with highly competitive wealth management solutions primarily driven by robust technologies e.g., artificial intelligence and big data analytics. The velocity of change however can only be expected to be higher over the coming years.

The success of private client services in the near future will be determined by an ability to successfully forecast and interpret future trends in the global regulatory landscape for conscious decision making with courage and conviction.

While delivering our private client services we, at IMC always strive to focus on the emerging business and regulatory trends and uncertainties on an international level early on, assess them critically and devise workable strategies for our local and international clients including families owning a good deal of properties and wealth. We zero down our options by filtering the best from all the available choices.

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+65 91269927



143 Cecil Street,
25-04B GB Building,
Singapore 069542
Tel: +65-91269927