Private Client Services by Mercer
The recent turmoil in the financial markets shows that managing wealth today can be challenging. Whilst clients are faced with uncertainties in the market, our clients’ objectives are to Accumulate, Preserve and eventually Distribute their wealth to the next generation. Hence, it is important for families to put in place a conservative wealth management plan to ring-fence their assets to preserve their legacy.
Life Insurance is a very effective tool for financial protection and portfolio diversification. Over the years, many High Net Worth individuals use Life Insurance not merely as a way to protect against the uncertainties of life but as a Wealth Creation tool. The key purpose of Life Insurance is for Income Replacement and Liability Protection, i.e. needs based approach.