Insight from Ivan Pictet of Pictet & Cie from Wall Street Journal:
http://online.wsj.com/article/SB10001424052748703303904575291992689107112.html?mod=WSJ_latestheadlines
WSJ: What sort of private-banking products or services do you think will be most attractive to wealthy investors in Asia in the next few years?
Mr. Pictet: For the ultra-high-net-worth segment, The efficient transfer of ownership and management of family assets to the next generation will become a more pressing issue in the next five to 10 years. Wealthy families in Asia will need to take into better consideration the issue of succession planning. Family governance will play an increased role in the future.
Succession planning has become the new mantra in private wealth circles in Asia.
Time to re-name all your Wealth Planners to Succession Planners
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