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July 14, 2024

RCBC feted for best wealth transfer, succession planning in Asia

Rizal Commercial Banking Corp. (RCBC) led by bankero Eugene Acevedo was recognized by global financial publication Asiamoney as the Philippines’ Best for Wealth Transfer/Succession Planning in its recent Asia Private Banking Awards.

RCBC head of wealth management Jane Mañago said that the listed bank has been cognizant of the changing dynamics in the wealth landscape and expects to see a change in the near future towards the rise of the affluent segment and the transfer of wealth to the next generation.

“A common concern among our clients is ensuring that the next generation could take over and carry on their legacies. They want their children to learn more about investing and involve them in financial decisions, but are concerned that they might not be ready yet,” Mañago added.

RCBC Wealth Management Group has been conducting learning sessions aimed at introducing the next generation to the world of investing. It tackles basic investment concepts, financial asset classes and investment options in the Philippine market.

Aside from this, the Yuchengco-led bank provides estate planning complementary services with the help of the RCBC Trust and Investment Management Group.

This service highlights the use of existing trust products and services to complement RCBC Wealth clients’ estate planning activities. It aims to provide product flexibility that will allow clients to use trust accounts as part of their estate plan for financial assets.

Furthermore, the bank continues to assist its clients in migrating to RCBC Digital, the online banking platform, for safer and easier monitoring and management of their accounts and investments.

RCBC Wealth operates under an open architecture platform giving the flexibility to offer both internal and external investments of all types to its clients to better assist them in their various investment and financial needs to achieve their goals.