Tighter regulations are resulting in a bifurcation of the high net worth trusts market, wherein wealthier clients have a growing need for trust structures while less affluent clients are being priced out of this market due to higher structuring costs, according to Woon Shiu Lee, MD and head of wealth planning at Bank of Singapore. “It’s becoming more difficult for…
HNWIs with less than US$5m are being priced out of the trusts market, says BoS’ wealth planning head
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