Rockwills Group, the leading wills and trust specialist in Malaysia and Singapore, remains hopeful that there are better prospects for estate planning despite the slow economic outlook for the nation.
Businesses generally have been impacted by the slowest rate of economic growth recorded by the Malaysian economy in the second quarter of this year since the global financial crisis in 2009. Rockwills, however, bucked the trend in its estate planning business.
Rockwills group managing director, Saw Leong Aun said “we have been able to sustain our growth in wills and trusts in the first six months, compared with the corresponding period in 2015.”
“Based on that, we are confident that our estate planning business will continue to do well contrary to the expected slow growth of the economy in general for the rest of the year.”
Saw further commented saying that with the expectations of better estate planning business prospects, Rockwills will also embark on a recruitment drive to enlarge its pool of estate planners that currently numbers 4,000. The business of estate planning offers greater opportunities to broaden one’s income stream, especially those affected by the economic downturn, the group said.
“Several factors also favour estate planners, especially the relatively untapped market with as high as 90 per cent of those eligible to write wills and set up trusts not having done so. The reported RM60 billion of unclaimed estates in Malaysia also underscores how under-served this market is.
“Estate planners therefore will be operating in a very much less-crowded playing field, which augurs well for one who is a self-starter, driven to excel and with the passion to help people so that their loved ones will not have to go through hell while they are in heaven because of inadequate estate planning.”
In underscoring how rewarding and beneficial the vocation of estate planning can be, Rockwills presented a line-up of successful estate planners such as Jocelline Chee from Penang, Sin Foong Kuan, Tee Hoi Hian from Klang Valley and Tay Teng Pong from Singapore to share their success stories at the CEO Achievers’ Congress planners.
The CEO Achievers’ Congress this year also celebrated the achievements of 62 CEO Qualifiers from Malaysia and nine from Singapore. These outstanding achievers were rewarded with a trip to Jogjakarta.