Building Multi-Generation Family Wealth: A Family Office's Secret | Lunch With Masters Of Finance

Taking lessons from over a decade of building and preserving wealth for Asia’s UHNW families, entrepreneur-investor Shirley Crystal Chua is creating a business to hopefully survive a century.
Shirley is Founder and Group CEO of Golden Equator, a holding group of eight synergistic businesses creating value within the finance, consulting and workspace sectors. Golden Equator Wealth is one of the first homegrown multi-family offices with clients in over 12 countries.
You can also check out the companion podcast that has more content at www.channelnewsasia.com/liste....
00:00 Introduction
01:03 Generational thinking
02:23 Lessons from successful families
05:00 Asia's Great Wealth Transfer
07:34 Rise of family offices
10:06 Personal business
12:06 Building a generational business
16:55 Opportunities in Brunei and Kazakhstan
19:17 3 underserved markets for the future
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About the show: Wine and dine with Asia’s leading investors and fund managers as they share future growth opportunities, investment strategies and insights on combining purpose and profit.
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#CNA #CNALunchWithMastersOfFinance #WealthManagement #FamilyOffice #GoldenEquator
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[@wilsonbethlehem3101]

10:50 what life is about? Ask ourselves when we hit roadblock in our life. 13:35 Learn from young people. Future trends. Build eco system around them. 16:57 Untapped market. 18:33 Relationship you make doesnt bear fruits immediately. Once deepen hard to break.

[@wendyshoowaiching4161]

Wah! A good place to be with. Quiet. Asian will catch up very slowly. I have started my family business long time ago. I need to liquidate all the collectibles and assets. Worth over US$15m (2 generations). Others are viewing me solo starting a family business. Many locals think I am not working and view me as unemployment. I never try to explained to them. Let them think what they like.

[@alxh0902]

Superb series. Fabulous insights :)

[@paulanderson73]

Keep it up! Another beast episode

[@trace.l1977]

Thanks for sharing. Actually how does family office get paid? What's the revenue streams? And how can family office compare to private wealth banking who can also offer tailored products, lower interest rates, succession planning etc.?

[@roxxycrystals]

May all being be healthy, be well, be free!

[@fyc55]

Conclusion: Common sense!

[@JFCotman]

@16:52 altichokes? What’s that beneath the fried kale?

[@dickcheney9337]

Intense game good game Rebellion Zion...Congratulate RRQ

[@johnnyworzel3741]

Why the music? Total distraction.

[@DotaBlinkz]

interesting

[@mppppp8216]

Matthew 6 Treasures in Heaven 19 “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. 20 But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also. 22 “The eye is the lamp of the body. If your eyes are healthy,[c] your whole body will be full of light. 23 But if your eyes are unhealthy,[d] your whole body will be full of darkness. If then the light within you is darkness, how great is that darkness! 24 “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money. Do Not Worry 25 “Therefore I tell you, do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more than food, and the body more than clothes? 26 Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they? 27 Can any one of you by worrying add a single hour to your life[e]? 28 “And why do you worry about clothes? See how the flowers of the field grow. They do not labor or spin. 29 Yet I tell you that not even Solomon in all his splendor was dressed like one of these. 30 If that is how God clothes the grass of the field, which is here today and tomorrow is thrown into the fire, will he not much more clothe you-you of little faith? 31 So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ 32 For the pagans run after all these things, and your heavenly Father knows that you need them. 33 But seek first his kingdom and his righteousness, and all these things will be given to you as well. 34 Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own. Q

[@kk22001]

TBH, Family offices doesn't really add much of a value because they don't really have the expertise on growing wealth through investments which is the bulk of the main job for the family. Mostly they outsource investment to hedge funds and PEs. UHNW can just go direct to the hedge funds and PEs directly. Why bother paying these family offices (middleman) services?

[@TheMrleeyang]

such uninformed comment. sigh

[@gladysnyembe8581]

Nkmotor spares ext14 vosloorus roets drive vosloorus need a help my bisness need a finding for more stocks I m doing well but t he problem it's stocks

[@johnjude3445]

some people are so poor all they have is money

[@yanelisbrown4838]

You are absolutely right👍,

[@adam.sopeer6367]

Assets and investment is that tiny line that separates the rich from the poor.

[@JohnSmith-nn2my]

about investment, Bitcoin is the future and with the help of a professional trader you can touch the skies

[@airportatheist1645]

@Laura Ennis He’s not actually a genius, he stole that line from Bob Marley

[@buddyoo4942]

Hmm...talking about this at a time where the existing capitalist system is reaching its end stage? Too many rentier class don't (need to) work as their accumulated capitals were expected to work for them...their capital were suppose to be able incentivize and employ the young.... however the younger generation is increasingly weary of the present stage of the capitalist system that they are in and does not want to participate in the rat race.....worst if they revolt. The capital forest they are in are full of giant trees leaving very little sun light for the young dwellings below...burn down the forest and start all over again? Or invent the great Reset....own nothing and be happy!

[@cecarats4045]

Beware CECA rats

[@suppa585]

some ceca boned your mom for sure

[@gasun1274]

truly the jews of asia

[@dac8939]

Why?

[@oerg]

Easy when estate tax is zero. Singapore needs to implement a hefty 50% estate tax to promote socioeconomic mobility and reduce wealth inequality.

[@oerg]

Easy to make money when you have money. The later generations earned their wealth simply be being born into the right family. The government should redistribute this wealth via the estate tax and invest this money so that every child can have a better opportunity to be the best that they can be regardless of familial wealth!

[@oerg]

@@user-co4zy4jb3m Lots of capitalist economies do not have 0% estate tax. Why should people get rich just by being born into the right family? Wealth should be earned. That is the true essence of capitalism.

[@cathhl2440]

Oh good. Just drive the rich away so that they will bring employment to other countries. Another empty vessel.

[@oerg]

@@cathhl2440 The rich can still enjoy their wealth. If is their latter generations we are taxing. If they don't like it then they can find other places to live. Lots of places have even lower taxes than Singapore today.