I recently came across this great article in the FT’s PWM, which discusses how Swiss private banks and elite boarding schools are both taking significant steps to prepare the next generation of UHNWIs for the future of wealth management.

https://lnkd.in/dQ7Pfv7E

With the largest intergenerational wealth transfer currently underway, many families still struggle to involve younger generations in managing assets effectively. This is particularly the case with many Middle East families.

While succession planning is top of the mind, older generations are often reluctant to relinquish control. Meanwhile, younger family members, who are tech-savvy and globally connected, are keen to influence investment decisions particularly around ethical and impact investing.

By developing structured financial education programmes, these Swiss banks are positioning themselves as long-term partners strengthening client relationships across generations and ensuring family assets are preserved and grown. This approach not only empowers the next generation but also fosters open communication and smoother wealth transitions.

#WealthManagement #SuccessionPlanning #FinancialEducation #UHNWIs #FamilyOffice #PrivateBanking