for Immediate Distribution
April 27, 2018 Singapore – WealthAsia Media (WAM), the organizer of a series of best practice awards in the financial services sector in the region launched its inaugural Private Wealth Awards in Singapore today.
The BENCHMARK Private Wealth Awards was developed to give recognition to Private Wealth providers based on their capabilities to service and meet the financial and investment needs of the segment of high net worth individuals, family businesses and asset owners. The awards have been assigned to assess the capabilities of the private wealth providers in four areas namely, Investment Management, Wealth Planning and Solutions, Good Governance and Digital.
“In organizing the awards, we hope to create social impact through influencing asset owners to invest responsibly and ethically for their future generations. The awards also help drive home the message to service and product platforms offering advisories, transactions, and products, to facilitate an environment for wealth holders to exercise this discretion,” said Elsa Pau, Publisher and CEO, WealthAsia Group. She added that “this ideal can only be accomplished when both sides of the spectrum are swinging at the same rhythm, creating harmony and healthy growth within the private wealth industry.”
Winners of this evening’s inaugural Private Wealth Awards in Singapore can proudly wear this new and sought-after badge of recognition in the region, for their capabilities in contributing to responsible banking and their part in succeeding to drive better practices in philanthropic offerings, impact investing, and sustainable investing. The awards are unique because of the robust judging criteria driven by asset owners and service users who dominate the decision-making process of the awards.
The awards night this evening included a charity segment where funds raised through various mini private auctions will be donated to the adopted charity, MILK (Mainly I Love Kids) Fund. The fundraising program for this charity with measurable impacts and honorable objectives was nominated by the judging panel and decided by the Organizing Committee.
WealthAsia Media’s regional awards in Hong Kong, Singapore, Malaysia and Taiwan include the 8-year old BENCHMARK Wealth Management Awards, the 14-year old BENCHMARK Fund of the Year Awards and the 4-year old BENCHMARK Advisor of the Year Awards.