Private Wealth Management

Private wealth management is relatively new in China’s legal market, with many attendant legal complexities. By leveraging our extensive experience and global network, Fangda is able to craft solutions to numerous new and most complex issues. Such experience makes us pioneers among Chinese law firms in having a private wealth management practice.

Our team’s broad local knowledge in a variety of areas, including family, real estate and retail banking law, plus our international experience in onshore and offshore trust, cross-border inheritance, foreign investment and foreign exchange administration ensures we can offer clients the best of both worlds-international practice combined with local experience to provide practical, workable advice.

Our team includes people who previously worked at law firms that are members of global networks of two of the “Big Four” accounting firms. They have in-depth knowledge of tax issues, enabling us to provide one-stop holistic estate planning services for ultra-high-net-worth individuals and their families from both legal and tax perspectives.

We also have good long-term professional relationships with many overseas and domestic trust companies, private banks and family offices. Our in-depth insight to serve ultra-high-net-worth-individual and their families, capability to find solutions to the most complicated cases and, in particular, our un-assuming working style lends ourselves well to close collaboration with practitioners in these financial institutions.

Recognition

Private Client/Wealth Management (PRC Firms)–Band 2
Chambers, Greater China Region Guide, 2023

Our services include:

Private Wealth Management

Estate Planning

Acting as our clients’ long-term personal legal counsel, to provide legal advice in relation to marriage and family issues, succession planning, investment structure, tax management and other matters.

Domestic and Offshore Trusts

We have the experience to assist ultra-high-net-worth individuals select appropriate trust companies and set up tailor-made family trusts for asset management and succession purposes; to provide legal advisory services regarding the setting up of employee benefit trusts; to provide trust-related advisory services to trust companies, as well as private banks. Our team has successfully assisted in setting up trusts in Mainland China, Hong Kong SAR, Jersey, Cayman, Singapore and other jurisdictions.

Family Law-related Services

We have the exclusive expertise to advise on complex marriage and family issues, including dispute resolution, the drafting of wills, pre-nuptial or post-nuptial agreements and negotiations on behalf of clients, guardianship arrangement and etc. We particularly specialize in handling cross-border cases.

Cross-Border Estate Inheritance

We are able: to assist overseas heirs secure their way through the entire process of inheritance, title transfer and sales of China estate and the remittance of foreign currencies to overseas accounts; and to assist domestic heirs in the inheritance and probate procedure of overseas estates. Our private wealth management team has handled cases involving assets located in various jurisdictions, including but not limited to Mainland China, Taiwan Province, Hong Kong SAR, the United States, Australia, and Canada.

Family Governance Advisory

We are able: to assist our clients in understanding family culture and refining family vision, and then design appropriate family governance structures; to draft family constitutions; and to set up charitable trusts and foundations.

Advice on Shareholding Structure for Family Enterprises from Succession Planning Perspective

We have the expertise to advise on succession planning perspective and advising on appropriate shareholding structures for family enterprises, including the drafting of shareholder agreements, negotiations with relevant parties on behalf of clients, and the adjustments of company management system.