High-net-worth: how to safeguard their wealth and health: WealthBT Ep 13

Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua.

In this episode of WealthBT, wealth editor Genevieve Cua discusses the financial vulnerabilities of high-net-worth individuals, who have wealth and health concerns and how careful planning can help them meet their goals. Guests in this episode: Melita Teo, AIA chief customer and digital officer, and Jerry Toh, AIA Financial Services associate director.

This episode is brought to you by AIA.

Highlights (click/tap above):

01:33 The wealthy in Singapore have financial needs and risks.

04:27 It’s a mistake to think that high net worth individuals have little to worry about; they have a different set of concerns

06:00 Wealthy individuals value mental and physical wellbeing as much as financial wellbeing

08:11 A concrete example of an individual with malignant thyroid cancer and how her health needs were addressed

11:00 After retrenchment, a client takes steps to address his needs and becomes an entrepreneur

13:30 Tips to help individuals invest with more confidence: Start small and invest over time

14:21 Review your plan regularly and consider spending patterns

Produced by: Genevieve Cua (gen@sph.com.sg) and Howie Lim

Edited by: Howie Lim

More about:

AIA: www.aia.com.sg

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Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.

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