Helping Asian Wealth Management Communities interact

Is the wealth management industry prepared and ready for the intergenerational transfer of wealth in Asia? - Michel van Leeuwen

Michel van Leeuwen of Hawksford

Mar 19, 2019

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1. Is the wealth management industry prepared and ready for the intergenerational transfer of wealth in Asia?

Video transcript

1. Is the wealth management industry prepared and ready for the intergenerational transfer of wealth in Asia?

I think it is on its way to being ready. I think there is still quite a bit to figure out, in general. Predominately because the transplanting of the European or the US model to Asia is simply not going to work. So, understanding how wealth is used, how wealth is achieved, and how wealth is maintained are questions that still need to be fully answered. I don't think they are yet. And therefore, transferring of said wealth is going to be, you know, a solution that is still awaiting us. As in, it's not achieved yet. However, we are far away from the starting point. I think we're getting there.