Wealth management

“The importance of succession planning for families”

Recent research focusing on the main perceived risks to wealth creation and preservation shows that, in today’s world, succession planning remains the main concern for wealth holders and their families. With a record US $16+ trillion of global wealth expected to be transferred to family members over the next three decades – from baby boomers to Generation X to millennials – such concern has an even bigger meaning and impact than ever before. Especially when considering that the same research reveals that only 53% of Ultra High Net Worth Individuals believe they have a robust succession plan in place.