Franchisee REP's name: Yvonne Sim
Franchise license code: P3324035
Rockwills has strong financial backing with assets over RM20 million, reputable board members and more than 30 in-house legal advisors specializing in estate planning. We have been in business since 1995 providing services covering will-writing, will custody, trust services and other estate planning and financial planning support services, under a franchise system supporting more than 4,000 franchisees.
The Rockwills Group of Companies has operations in both Malaysia and Singapore, providing solutions and support services in the areas of succession, administration and distribution of wealth.
Rockwills started in year 1995 and is the pioneer in the region to provide retail Trust, Will-writing and Will custody services. Rockwills is also licensed respectively, in both Malaysia and Singapore to carry on trust business and its services include acting as trustee of many family trusts and executor of many estates. Other services include the provision of comprehensive estate planning advice and offshore services.
It is by far the largest professional estate planning company in the region, having written more than 220,000 Wills (up to January 2018) and holding over RM28.0 billion worth of assets under trust. To date, the Group has trained more than 10,000 Intermediaries including Rockwills Estate Planners, Rockwills Will-writers, financial planners and agents. The core business of the Group is introduced through a network of more than 4,000 Rockwills Estate Planners both in Malaysia and Singapore.
Besides being governed under two enactments, namely, the Trustee Act 1949 and the Trust Companies Act 1949, we are supervised by the Companies Commission (Suruhanjaya Syarikat Malaysia or SSM) in respect of administration, by the Securities Commission (SC) in respect of the giving of advice and by Bank Negara (BNM) in respect of anti-money laundering matters.
In Singapore, Rockwills Trustee Ltd is governed by the Trust Companies Act (Chapter 336). As a licensed financial institution, Rockwills is also supervised by the Monetary Authority of Singapore (MAS).
We also have our own governance structure, set out below. You will note, unlike others, this is dedicated just for our own operations and not as a part of a group function.
| ROCKWILLS TRUSTEE BHD (Licensed trustee company – Malaysia) |
ROCKWILLS TRUSTEE LTD (Licensed trustee company – Singapore) |
|---|---|
| Board Of Directors 1 Executive Director 2 Non-Executive Directors 6 Independent Directors |
Board Of Directors 3 Executive Directors 3 Independent Directors |
| Audit Committee | Audit Committee |
| Investment Committee* | Trust Committee* ** |
| Risk Committee | External Auditors |
| Operations Committee ** | Internal Auditors |
| External Auditors | Compliance Officer |
| Internal Auditors | |
| Compliance Officer |
* Oversees investment management & performance
** Reviews trust & operational issues