SINGAPORE, 3 June 2024 – SingWealth Holdings, a holding company with subsidiaries offering financial advisory and estate planning services, establishes a new benchmark in the industry by offering a one-stop comprehensive support to its clients, addressing every crucial aspect of their estate planning journey.
PFP Legacy, a wholly owned subsidary of SingWealth Holdings, has been specialising in Wills and Lasting Power of Attorney since 2016. With the inclusion of AFC in its portfolio, PFP Legacy will broaden its range of offerings to include Advance Medical Directive (AMD); enhancing its Estate Planning ecosystem. PFP Legacy has also expanded its pool of legal consultants to include a Muslim lawyer, allowing it to provide Shariah-compliant Wills.
Apart from AMD, there is also a concerningly low adoption rate of the Lasting Power of Attorney (LPA)1among Singaporeans. This is particularly worrying given the rising number of individuals susceptible to mental capacity decline due to age-related illnesses amidst Singapore’s aging population trend. However, PFP Legacy has observed an increase in uptake in recent months. This positive trend may be attributed to the heightened awareness created by the Singapore Government’s multi-agency campaign, which emphasizes the importance of having an LPA in place.
I am proud that SingWealth Holdings is the first financial advisory and estate planning group to provide a one-stop solution for our clients’ estate planning needs. This acquisition enables us to add AMD to our offering so that our clients will benefit from our comprehensive approach to planning for their future.said Mr Jeffrey Chow, Director of SingWealth Holdings
In addition to enhancing its estate planning offerings, SingWealth Holding’s acquisition of AFC aims to also provide primary care services to its clients. Existing clients of SingWealth’s group of companies will benefit from preferential rates and seamless access to quality healthcare. There are also plans to introduce tiered levels for their PFPConnect membership. Clients who are enrolled in its Premium membership will enjoy complimentary tele-consultations.
“At SingWealth Holdings, our mission is to empower individuals and families to plan for their future with confidence, whether it is a Will, LPA or AMD,” added Jeffrey. “The inclusion of AFC into our portfolio enables us to better serve our clients by addressing their healthcare needs alongside their financial and legal considerations for their estate planning.”
SingWealth Holdings aims to be a leader in delivering holistic Estate Planning solutions. Through the acquisition of AFC, SingWealth reaffirms its position as a trusted partner to assist clients in securing their legacies for generations to come.
1 Free LPA certification under new campaign to promote better pre-planning | The Straits Times
About SingWealth Holdings Pte Ltd
SingWealth is a holding company that manages various subsidiaries across Singapore, Thailand and Malaysia. The group of companies includes PFP Group Services Pte Ltd (Providing shared services support to related entities), PFPFA Pte Ltd (Licensed Financial Adviser in Singapore), PFP Legacy Asia Pte Ltd (Singapore), PFP Legacy Consultancy Co., Ltd. (Thailand) and PFP Legacy Sdn Bhd (Malaysia), offering wills and trust services to emerging Southeast Asian affluent customers who have greater demands for wealth transfer and distribution needs between generations.
About PFPConnect
PFPConnect is a by-invitation exclusive membership that offers individuals a wide range of benefits, including automobile, home and health-related services. Members enjoy exclusive offers for outpatient services and discounted rates for health screening packages and vaccinations.
About Assure Family Clinic
The one-stop clinic located in Bukit Merah Central offers comprehensive GP services complete with health & wellness screening packages that caters to adults and children. At Assure Family Clinic, the personalized care is based by integrating modern and sophisticated healthcare practices that aim to improve the patient’s wellbeing holistically. The clinic is committed to building a genuine relationship where our doctor and patients work collaboratively to achieve a patient-centred healing journey.
