UBS
As our readers are aware, to adjudicate this category we construct a ôhypothetical clientö situation. Our client this year was a Hong Kong-based professional CEO of a company and a non-resident Indian. The client had an existing asset base of $10 million including $2 million of insurance and a 3,000 square feet apartment in the mid-levels in Hong Kong. Specific concerns the client had related to healthcare costs for an aged mother-in-law who has no insurance cover and resided with the family in Hong Kong, under-graduate and post-graduate education costs in the US for a teenage son, marriage costs for two teenage daughters and retirement planning assuming 5-10 years more of...
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