Asian women see dual aspects of legacy
Nearly equal percentages of Asian HNW women define legacy in financial terms and in terms of personal relationships, eg with family and friends.
Women in Asia seek alignment between financial and social goals
Asian HNWIs feel an obligation to pass on both wealth and values
I have an obligation to transfer wealth to the next generation.
I have an obligation to transfer values to the next generation.
Prioritising mental and physical well-being spans the globe
Top life goals for Asian HNW women:
1.
Improving mental and physical well-being
2.
Increasing wealth
3.
Strengthening relationships with family
Top life goals for Western HNW women:
1.
Improving mental and physical well-being
2.
Strengthening relationships with family
3.
Creating a path to wealth for their children
Asian women favour giving via volunteer work
How do you primarily structure your charitable giving?
(Ranked 1st)
Volunteer work
Trust funds
Donor-advised funds (eg, with a public foundation as the sponsor organisation)
Recurring donations other than to my own charitable organisation
Donations to my own non-profit/giving organisation
One-off donations other than to my own charitable organisation
Asian women align wealth management with social causes
Footnotes:
Data based on an Economist Intelligence Unit survey conducted from March to May 2018.
The research, commissioned by RBC Wealth Management, surveyed 1,051 HNWIs across Asia, Canada, the UK and U.S.
The survey included 220 respondents in Asia–in Hong Kong, mainland China and Singapore–with at least US$1 million in investable assets.
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© The Economist Intelligence Unit Limited 2018
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