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Three tips for succession planning: How to start the conversation with your family
Succession planning can be an uncomfortable topic. Learn how you can start a multi-generational dialogue while maintaining harmony with loved ones.
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*Scorpio Partnership's Global Private Banking Benchmark Report 2018
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Ignatius KK (Iggy) Chong
Managing Director, Head of Private Wealth,
Greater China
“It’s not about who gets the house, the car or the art collection. [Estate planning] is coming at it from the viewpoint that your kids are really stewards of your wealth for future generations. They aren’t passing on ownership, but instead a sense of responsibility.”
View profileJuan Aronna
Managing Director
Head, Investment Solutions and Products, Asia
RBC Wealth Management
"For any long-term investor, an understanding of the global megatrends can provide a solid foundation for an investment philosophy that is not dictated by short-term noise or movement but instead by identifiable events and developments that are changing the world."
View profileVivian Kiang
Head of Wealth Planning, Asia
RBC Wealth Management
Royal Bank of Canada Trust Company (Asia) Limited
“Family assets are more global than ever before, to add to the complexity, their children often reside in different parts of the world. Tax and regulation requirements can get tricky and complicated. Succession planning is critical to every family, the key is to start early!”
View profileRoyal Bank of Canada, Hong Kong Branch
Royal Bank of Canada, Hong Kong Branch (“RBC HK Branch”) is a branch of Royal Bank of Canada, a company incorporated and listed on the Toronto Stock Exchange and the New York Stock Exchange in Canada and United States of America respectively. Royal Bank of Canada is duly established under the Bank Act (Canada), which provides limited liability for shareholders.
RBC HK Branch is a full licensed bank authorized by the Hong Kong Monetary Authority under the Banking Ordinance and is registered by the Securities and Futures Commission as a registered institution for Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), Type 6 (advising on corporate finance) and Type 9 (asset management) regulated activities. The principal place of business of the Company is 41st and 42nd Floors, One Taikoo Place, Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong. Its principal business includes sales and trading of fixed income, foreign exchange and equity-linked products, advisory on merger and acquisition activities, as well as wealth management services to private banking clients. The branch partners with and leverages on RBC’s global capabilities to provide a full suite of services for our clients.
To view the Disclosures required to be made by RBC HK Branch under Part 8 of the Banking Disclosure Rules, please go to Financial disclosures.
