Singapore Wealth Managers Pivot to Expertise Amid Global Uncertainty

Jolene Tan, president of the Association of Independent Wealth Managers (Singapore) and managing partner at SingAlliance, argues that the current climate demands greater clarity and collaboration. Despite the sector's modest footprint compared to major financial institutions, independent firms are expected to meet identical regulatory benchmarks. These firms must balance rising operational costs and talent retention challenges with fewer resources than their larger banking counterparts.

To standardize professional conduct, the association introduced its AIWM Certification programme in July 2025. This initiative aligns with a broader strategy to bridge the gap between academic research and practical financial application. By deepening ties with institutions like the Singapore Management University, the industry aims to foster future talent and strengthen its collective reputation. Central to this mission is the "RIGHT" framework, which emphasizes governance, responsibility, and commitment to growth.

Beyond internal standards, the industry is adjusting to structural shifts in the local market, including the rise of Variable Capital Company structures and new regulations for single-family offices. Discussions at the conference also highlighted a trend in intergenerational wealth planning, where families increasingly bypass the immediate successor generation to transfer assets directly to grandchildren, reflecting a shift in how high-net-worth clients view long-term legacy and current wealth distribution.