What are the opportunities and challenges for the year ahead? - Kimberley Wilks

Kimberley Wilks of PwC

Feb 18, 2019

Kimberley Wilks, Senior Manager, Tax - Consulting Services at PwC discussed the wealth management opportunities and challenges for the year ahead.

Jump to section:

1. What opportunities and challenges do you see for the year ahead?

Video transcript

1. What opportunities and challenges do you see for the year ahead?

I think not just for this year, but for the next few years, one of the biggest opportunities is going to be around the inter-generational wealth shift we see happening right now in the GCC, and in particular the UAE. We have lots of family businesses and families with huge amounts of wealth now transitioning that to the next generations. And the vast majority of them, although they concede this is an important issue, don't actually have a plan. So, our priority as advisers has got to be to speak to clients. Now, the priority to the families has got to be to consider this [matter], and to make sure they have an adequate plan in place for the succession of their wealth and for the next generation to take over.

More videos from Kimberley Wilks, PwC

Latest Articles

Latest News