WHER 2019 Excerpt: Next Generation to Control Family Offices in 10 to 15 Years

The increased necessity of intergenerational wealth transfer services as Baby Boomers retire is one of the key opportunities for family offices. Seventy percent of family offices in the aforementioned report predict that the next generation will take control in the next 10 to 15 years, according to the UBS/Campden Wealth Global Family Office Report 2018. This is the time for family offices to assess what the next generation needs and establish programs that will help the next generation with future financial planning, as well as estate and tax planning solutions.

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