How do wealthy families try to engage the next generation around handling their wealth? - Laurence Black

Laurence Black, Regional Director, Client Solutions, EMEA at Asiaciti Trust discussed how wealthy families try to engage the next generation around handling their wealth.

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1. How do wealthy families try to engage the next generation around handling their wealth?

Video transcript

1. How do wealthy families try to engage the next generation around handling their wealth?

Recent statistics show that this is something that families are particularly engaged in at the moment, and one thing that we found is that actually transferring the family wealth from one generation, the businesses particularly, it's more sustainable and actually creates more entrepreneurs within the family if they were involved at a younger age, and rather than just inheriting cash and investing that in something else in the markets, it's better to actually be involved in the transition of the family business from one generation to the next, and that's something that we at Asiaciti understand having gone from G1 to G2 already within the firm.

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