The gap between older and younger generations' financial ideologies widens as the financial landscape changes. It is the result of technological advancements and shifting global economies. For UHNWIs and HNWIs, understanding and navigating this generational wealth and differences isn't just a matter of family harmony—it's crucial for the effective management and growth of their vast assets.
The great wealth transfer from one generation to the next—experts predict that until 2060, around USD 60 trillion will move from older generations to younger ones—together with the digitalization degree our world has never seen before are the main factors in the biggest challenges for the wealth management industry. Including demography, millennials will soon become the majority of global wealth holders. The firms must start working on understanding the needs and desires of younger generations.
Currently the fastest-growing economy in Southeast Asia, Vietnam’s technological prowess and unexplored prospects present a host of opportunities for foreign investors. Along with the rise of new fintech companies, there has been spectacular growth in the wealth management sector in the country.
While golf and wealth management may seem unrelated, they share common principles that can lead individuals to financial success. Upon closer examination, it becomes clear that there are valuable lessons that golf can teach us about achieving financial success. So tee up your financial journey and swing for the green of wealth management success.
If you look at the predictions from a few years ago about the size of the assets that the asset and wealth management (AWM) industry will manage today, you'll realize that some predictions simply aren't coming true.
Ultra High Net Worth Individuals (UHNWIs) and High Net Worth Individuals (HNWIs) can no longer ignore the technological shift in wealth management — digital onboarding — in an era where digital transformation is redefining industries. It is a pivotal shift in financial services and business operations that combines efficiency, security, and personalization.
Is it better to build an in-house investment team or to outsource the whole investment management process? For many family offices, combining internal and external expertise is often the most effective way to reach success.
As wealth management strategies evolve, the integration of ESG factors is becoming increasingly important. Biodiversity, an important ESG element, is central to a sustainable future. Wealth managers can now integrate biodiversity into their investment strategies. This article explores the link between asset management, ESG, and biodiversity.

Insights On Wealth Management And More.

Delivered To Your Inbox, Weekly.
Left Menu Icon