Can wealth destroy families or can families destroy wealth?
Recognising complexities and educating the next generation help HNWs solve disputes
Recognising complexities and educating the next generation help HNWs solve disputes
Advisers need to be ‘open to evolving’ and ‘prepared for changes to their business models’
‘There is no one-size-fits-all approach to how you divide up’ assets
Clients need to be ‘open and honest with their family’ in order to ‘make most of tax breaks available’
‘Ability of the adviser to address and tackle the core issues of vulnerable clients and family disputes will be vital’
One of the ‘worst situations’ is where clients are ‘vulnerable, bereaved and have no Will’
It had been tasked with assessing family investment companies
Firms are ‘considering new ways to structure retirement portfolios’ to improve outcomes
‘Children quite often want to do things differently from their parents to forge their own path’
Which could undermine growth and prospects for sale
Pandemic has sparked Brits to focus more on portfolios, wealth transfer and estate planning
63% believe that the millennial generation is not as committed