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White Paper #2: Working with the Next Gen within a Family Office

White Paper #2: Working with the Next Gen within a Family Office

By Editor - December 28, 2017

Photo: Aris.Valdez
Photo: Aris.Valdez

In our previous White Paper on “When does it make sense to set up a Family Office” we explored the huge and unprecedented era of transfer of wealth from one generation to the next, as the world’s most affluent individuals approach retirement and contemplate their succession and wealth planning issues.

The needs of these families are extensive, complicated, and require expert advice, so many are considering a Family Office to help them manage this transition and provide a crucially provide a framework for the Next Generation (Next Gen).

The problem is especially difficult for many advisers is that they are ill-equipped to connect with these Next Gen clients who are technology savvy and expect a very different service experience than their parents did.

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