Global Perspectives

As the next generation of wealthy individuals inherit from within the so-called 'great wealth transfer’, they have an unprecedented opportunity to drive change and shape the future of private and family wealth. A recent Mourant survey found that change is already under way, with half of our respondents seeing a different agenda driving the creation of new structures. These changes in attitude, complexity, social and environmental drivers bring with them fundamental implications for private wealth professionals and the IFCs that house them, and the answers are not straight forward. The core strengths of the IFCs will remain hugely attractive, but practitioners will need to address a series of newly-framed objectives of different generations of families in the context of ever-more complex family wealth dynamics.