Prudential Singapore Launches Prudential Wealth Suite at Prudential Tower (Raffles Place) on 17th March 2025 for Private Client Advisors to Serve HNW Clients, In-House Advisor Works with Private Client Advisors to Support HNW Clients with More Complex Financial Needs, Eligible HNW Clients Can Request to Consult with External Experts on Tax, Business Advisory, Legal, Estate Planning, Fiduciary, Trust, Family Offices & Legacy Giving, Prudential Has 380+ Private Client Advisors (Criteria: Million Dollar Round Table, 3 Years of Licensed Financial Advisor Experience)
25th March 2025 | Hong Kong
Prudential Singapore has launched the Prudential Wealth Suite at Prudential Tower (Raffles Place, Singapore) on 17th March 2025 for Private Client Advisors to serve HNW clients (High net worth), with the Private Wealth Suit having in-house advisor working with Private Client advisors to support HNW clients with more complex financial needs. Eligible HNW clients can request to consult with external experts on tax, business advisory, legal, estate planning, fiduciary, trust, family offices & legacy giving. Prudential has 380+ Private Client Advisors (Criteria: Million Dollar Round Table, 3 years of licensed financial advisor experience). Announcement (24/3/25): “Prudential Singapore (“Prudential”) has launched the Prudential Wealth Suite (“Wealth Suite”). It is an exclusive space for the life insurer’s Private Client Advisors (PCAs) to serve their expanding pool of high net worth (HNW) customers who seek comprehensive wealth and financial planning services in Singapore. The Wealth Suite is located within the insurer’s main customer service centre at Prudential Tower in Raffles Place, and opened its doors on 17 March 2025. Prudential’s HNW business has grown in recent years, mirroring Singapore’s rise in prominence as a leading international financial centre. The company saw a 16 per cent increase in its number of HNW customers from 2023 to 2024, driven by its financial representatives and advisors, and sales rose by over 40 per cent within the same time period. With the millionaire population in Asia projected to more than double from 10 million in 2022 to 22 million in 2030, Prudential anticipates leveraging this growth momentum to build on its HNW business … … The Wealth Suite offers a private, by-appointment-only environment where HNW customers can discuss their insurance and wealth management requirements with their PCA in comfort. A special feature of the Wealth Suite is the presence of an in-house advisor who works together with PCAs to support HNW customers with more complex financial needs. Eligible HNW customers can additionally request to consult with an external panel of experts for tax and business advisory, legal and estate planning, fiduciary and trust services, family office advisory services as well as legacy giving. In response to these priorities, Prudential offers a range of solutions from wealth accumulation to legacy planning for HNW customers, including its latest offering – PRUVantage Legacy Index – an indexed universal life insurance product designed to address HNW individuals’ protection and legacy planning needs. Prudential’s HNW customers also receive swift underwriting, priority service, and VIP medical services … … In 2018, Prudential set up a team of 60 PCAs who are specially trained to support the unique needs of HNW individuals. This group has since grown over six-fold in strength to more than 380 PCAs today. There are stringent criteria for Prudential financial representatives to become a PCA, including being a Million Dollar Round Table (MDRT) qualifier with at least three years of licensed financial advisor experience in the industry. In addition to in-house training, Prudential fully funds the professional development of its PCAs through customised courses designed by the Wealth Management Institute (WMI), a leading centre for wealth and asset management education and research. Through the WMI training, PCAs gain expertise in wealth structuring areas such as asset protection, liquidity planning, wealth accumulation, and wealth preservation.” In 2024 July, Prudential Financial Advisers Singapore launched in 2023 April is targeting 1,500 representatives by the end of 2025 from current 800 representatives. Prudential Financial Advisers was setup in 2023 to provide clients with holistic advisory & wealth management services for affluent & high net worth clients. Prudential Financial Advisers Singapore provide solutions from more than 10 product providers, including Prudential solutions (life insurance, health insurance, savings plans, retirement plans, group insurance), general insurance (travel insurance, motor insurance), wealth solutions (unit trusts & index universal life insurance), and other services including estate planning, family office and tax advisory. Prudential Financial Advisers Singapore CEO is Jeff Ang. In 2024 May, Prudential announced the shutdown of Hong Kong wealth management business Pulse Wealth, having announced the shutdown of Prudential Wealth Management Singapore in 2023 September.
“ Prudential Singapore Launches Prudential Wealth Suite at Prudential Tower (Raffles Place) on 17th March 2025 for Private Client Advisors to Serve HNW Clients, In-House Advisor Works with Private Client Advisors to Support HNW Clients with More Complex Financial Needs, Eligible HNW Clients Can Request to Consult with External Experts on Tax, Business Advisory, Legal, Estate Planning, Fiduciary, Trust, Family Offices & Legacy Giving, Prudential Has 380+ Private Client Advisors (Criteria: Million Dollar Round Table, 3 Years of Licensed Financial Advisor Experience) “
Goh Theng Kiat, Chief Customer Officer, Prudential Singapore: “The Prudential Wealth Suite is part of Prudential’s strategy to support the continued growth of wealthy individuals in Singapore and the region, and it is designed to deliver seamless and convenient holistic advisory to our high net worth customers. In tandem with the region’s growing pool of wealthy individuals who view Singapore as a global wealth hub, we anticipate that overseas customers will make up a significant portion of Prudential Wealth Suite users. These customers often have complex and globally connected portfolios, and appreciate Singapore’s strategic location for accessing Asian markets and a climate of stability in the country, making it their preferred location for wealth diversification solutions. Tax planning is an integral part of financial planning for high net worth individuals with complex wealth structures and estate planning needs. Many of our wealthy customers seek ongoing guidance on tax-related matters to optimise their financial planning strategies. Another priority is growing and preserving their wealth, so we are focused on ensuring that we have the right advisors and solutions to meet their unique needs. We invest in our Private Client Advisors to equip them with the knowledge and skills needed to deliver the highest level of advice and service to our growing clientele of high net worth customers. We now have more than 380 Private Client Advisors who are specially trained to advise our customers.”
Prudential Wealth Suite & Customer Service Centre – The Wealth Suite is located within Prudential’s new customer service centre (CSC) at Prudential Tower (30 Cecil Street, Singapore 049712) and commenced operations on 17 March 2025. The location may be familiar to some customers who would have been served at the CSC when it was housed in Prudential Tower back in 1999. The CSC was moved to the Marina One building in 2018, before being relocated back to Prudential Tower in 2025. The CSC covers two floors at Prudential Tower, with the Wealth Suite situated on the mezzanine level. The entire CSC is constructed from eco-friendly, green-labelled materials, and is wheelchair-accessible. It offers a lounge-style environment with private servicing areas for customers. Besides serving customers in-person, the CSC offers video servicing for all customers for greater convenience. Customers can make a video servicing appointment easily on the Prudential Singapore website.
Prudential Assurance Company Singapore (Pte) Ltd (Prudential Singapore)
Prudential Assurance Company Singapore (Pte) Ltd is one of the top life and health insurance companies in Singapore, serving the financial and protection needs of the country’s citizens for 93 years. The company has an AA- Financial Strength Rating from leading credit rating agency Standard & Poor’s, with S$53.3 billion funds under management as at 31 December 2023. It delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of more than 5,200 financial representatives.
Prudential Financial Advisers Singapore Launched in 2023 April Targets 1,500 Representatives by End of 2025 from Current 800 Representatives, Prudential Financial Advisers Setup to Provide Clients with Holistic Advisory & Wealth Management Services for Affluent & High Net Worth Clients
27th July 2024 – Prudential Financial Advisers Singapore launched in 2023 April is targeting 1,500 representatives by the end of 2025 from current 800 representatives. Prudential Financial Advisers was setup in 2023 to provide clients with holistic advisory & wealth management services for affluent & high net worth clients. Prudential Financial Advisers Singapore provide solutions from more than 10 product providers, including Prudential solutions (life insurance, health insurance, savings plans, retirement plans, group insurance), general insurance (travel insurance, motor insurance), wealth solutions (unit trusts & index universal life insurance), and other services including estate planning, family office and tax advisory. Prudential Financial Advisers Singapore CEO is Jeff Ang. In 2024 May, Prudential announced the shutdown of Hong Kong wealth management business Pulse Wealth, having announced the shutdown of Prudential Wealth Management Singapore in 2023 September.
Prudential Announces Shutdown of Prudential Hong Kong Wealth Management Business Pulse Wealth, Had Shutdown Singapore Wealth Management in 2023 September
9th May 2024 – Prudential has announced the shutdown of Hong Kong wealth management business Pulse Wealth, having announced the shutdown of Prudential Wealth Management Singapore in 2023 September. In 2023 January, Prudential Singapore had announced the setting up of a financial advisory firm in Singapore providing wealth advisory, life insurance & general insurance after receiving regulatory from Monetary Authority of Singapore (MAS) on 27th December 2022. In Singapore, Prudential has more than 5,000 financial consultants & exclusive Bancassurance partnerships with UOB and Standard Chartered.
Prudential Announces Shutdown of Prudential Wealth Management Singapore, Prudential Wealth Management Hong Kong to Continue Operations
21st September 2023 – Prudential has announced the shutdown of Prudential Wealth Management Singapore, with Prudential Wealth Management Hong Kong to continue operations. In 2023 January, Prudential Singapore announced the setting up of a financial advisory firm in Singapore providing wealth advisory, life insurance & general insurance after receiving regulatory from Monetary Authority of Singapore (MAS) on 27th December 2022. In Singapore, Prudential has more than 5,000 financial consultants & exclusive Bancassurance partnerships with UOB and Standard Chartered.
Prudential Singapore to Setup Financial Advisory Firm Providing Wealth Advisory, Life Insurance & General Insurance, More than 5,000 Financial Consultants & Exclusive Bancassurance Partners UOB & Standard Chartered
19th January 2023 – Prudential Singapore is setting up a financial advisory firm in Singapore providing wealth advisory, life insurance & general insurance after receiving regulatory from Monetary Authority of Singapore (MAS) on 27th December 2022. In Singapore, Prudential has more than 5,000 financial consultants & exclusive Bancassurance partnerships with UOB and Standard Chartered. Prudential on 16th Jan 2023: “Prudential Singapore announced today that it will be setting up a financial advisory (FA) firm to offer a wider range of products and services to its customers … … The financial advisory firm adds to Prudential’s existing distribution channels comprising a tied agency of more than 5,000 financial consultants, exclusive bancassurance partners – United Overseas Bank (UOB) and Standard Chartered Bank (SCB) – as well as digital channels such as the Pulse by Prudential app.” (Life insurance ~ whole life, term life, critical illness, retirement & savings insurance plans, group life & medical insurance.)
Prudential Singapore
Prudential Assurance Company Singapore (Pte) Ltd is one of the top life insurance companies in Singapore, serving the financial and protection needs of the country’s citizens for 92 years. The company has an AA- Financial Strength Rating from leading credit rating agency Standard & Poor’s, with S$53.3 billion funds under management as at 31 December 2021. It delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of more than 5,000 financial consultants.
Dennis Tan, CEO of Prudential Singapore
Dennis is Managing Director of the Strategic Business Group covering Singapore, Thailand and Vietnam. Dennis has been CEO of Prudential Singapore since March 2020. He is also Deputy President in the Life Insurance Association’s Management Committee, Council Member at IBF Singapore, Multilateral Healthcare Insurance Committee Member at Ministry of Health Singapore, Board Director at the Council for Third Age, and Board Member at the European Chamber of Commerce in Singapore.
A veteran banker, Dennis has 26 years of experience in consumer banking spanning product development, segment management, marketing and sales and distribution. Prior to joining Prudential, he was with OCBC Bank for 10 years, of which seven were spent leading a 3,100-strong consumer banking division as Head, Consumer Financial Services. Dennis also spearheaded the growth of OCBC’s Premier Banking business in Singapore, Malaysia, Indonesia and China as Head of Branch and Group Premier Banking. He was also a member of OCBC Bank’s Management Committee.
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