How does RFO address the generational wealth transfer gap?

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Raffles Family Office Appoints Board Advisor to Address Generational Wealth Transfer Gap

Raffles Family Office (RFO) is addressing the generational wealth transfer gap by appointing Dr. Niti Nerngchamnong as a Board Advisor. Dr. Niti will provide strategic counsel on family governance and succession planning, areas identified as crucial yet often overlooked in wealth management. This move aims to equip RFO's clients with the necessary expertise to navigate the complexities of intergenerational wealth preservation and growth.
Appointment of Dr. Niti Nerngchamnong

Dr. Niti Nerngchamnong has been appointed as a Board Advisor to Raffles Family Office, bringing over two decades of legal and business experience. His expertise includes family law and the establishment of family constitutions. Group CEO and Co-founder of RFO, Mr. Chi Man Kwan, highlighted Dr. Niti's invaluable knowledge in setting up effective family governance and legacy planning, which are often underutilised in wealth planning.
The Generational Wealth Transfer Disparity

A significant disparity exists in the Asia-Pacific region regarding formal wealth transfer plans. The Asia-Pacific Family Office Report 2023 by RFO and Campden Wealth revealed that only 11% of family offices have a formal, legally enforceable written plan for wealth transfer. Despite this low figure, a substantial 71% of these offices anticipate a generational shift in control within the next ten years, indicating a potential for significant challenges in wealth continuity.
RFO's Commitment to Holistic Solutions

RFO is committed to addressing the pressing needs of its clients for proper wealth succession plans. The appointment of Dr. Niti is part of RFO's broader strategy to offer holistic solutions that support clients' goals of wealth preservation and growth across generations. Dr. Niti expressed his enthusiasm for contributing to RFO's mission by helping clients preserve, protect, and grow their wealth for future generations.

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How does RFO address the generational wealth transfer gap?

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