Every year, around 400 billion euros are expected to be inherited or donated in Germany, estimates the Hans-Böckler Foundation, the research and study funding agency of the German Union of Trade Unions. The question of how to transfer the wealth of the elderly to the younger generation has a lot of conflicting potential. Often, it is not just about money but about conflicts that originate in early childhood.
Sophisticated wealth management technology is enabling HNWIs & UHNWIs to enjoy financial freedom to take charge of their investments and assets.
Today, we've chosen an article from the Altoo Insights library and brought you Prof. Dr. Andreas Dietrich's evaluation of the Altoo Wealth Management Platform. Have you ever wondered how multibanking works for affluent people? Continue reading to learn more.
There is a natural psychological barrier to preparing for the death of a beloved family member. But postponing the necessary steps can be a costly mistake, as tragic events often come as a surprise. Succession planning might be an uncomfortable process, but the risk of losing what has taken a lifetime to build is much worse. The good news is that digital platforms for managing wealth have vastly simplified the process of wealth transfer.
Because of asset globalisation, the ultra-high-net-worth (UHNW) families have a plethora of choices to acquire individual investment solutions from around the world that meet their asset objectives.
The investment market is constantly evolving, and the strategies that worked in the past may not necessarily work for the next generation. With the rise of Millennials and Gen Z, there is a significant shift in attitudes towards investing, presenting new challenges for family offices. In this article, we explore how younger generations are reshaping investment strategies and what family offices can do to adapt and meet their needs.
Family offices provide wealthy families, also known as High Net Worth Individuals (HNWI´s), with a private wealth management team. These offices essentially ensure that the current and future generations are successful and grow their wealth sustainably by providing a wide range of benefits to the families involved. To ensure that the family has the right tools and resources to grow, family offices can offer budgeting, charitable giving, insurance, tax planning, and more. Depending on the needs and wishes of the clients, different types of family offices can emerge.
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