Intergenerational Wealth Transfer

Families, in general, are complex and dynamic…Aligning them may not be possible, nor even required, but giving them a voice and creating an environment of inclusion will be.

At Crestone, our investment wisdom comes from a proud past with the world’s largest wealth management firm. It’s a strong foundation and is reinforced by 82 experienced investment advisers. To learn more about our approach to intergenerational wealth transfers fill in the form.

For more information on how we can help fill in the form below.

THE KEY TO SUCCESSFUL WEALTH TRANSFER

Affluent families are, by their very nature, subject to several hurdles when considering how to preserve wealth over subsequent generations. Is the aim to leave a legacy or just the leftovers?

Obviously, a key determinant of the approach to be taken is what, exactly, is the intergenerational objective. If the plan is to leave the family a legacy, how do you turn your success into a family tradition and ensure the privileges and responsibility of wealth are passed on?

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  • Open communication is key to successful wealth transfer: The way issues and conflicts are handled and the level of open communication have a far greater impact on the actual successful transfer of wealth than individual investment decisions.
  • Intergenerational wealth transfer requires a plan and framework: The main factors to be discussed in order to protect family cohesion and smooth succession should include family values, family history, business/investments, approach to philanthropy, role of a centralised family office, structure of future interaction/engagement and understanding the asset base.
  • Reversing dynamic erosion requires prudent investment and disciplined controls around spending: If the capital base remains static and the family grows in number, wealth will obviously diminish.
  • A structured, inclusive approach is needed: Often, a convenient place to start is a discussion around family values and what matters most to the family, while developing a clear understanding of how the wealth was generated.

How Crestone can help

At Crestone, we work with a wide range of investors as we recognise that no individual can be an expert in every asset class and investment market. Our investment wisdom comes from a proud past with the world’s largest wealth management firm. It’s a strong foundation and is reinforced by 82 experienced investment advisers, all with a commitment to delivering personalised advice.

To learn more about our approach to intergenerational wealth transfers fill in the form.

For more information download our brochure The Key To Successful Wealth Transfer.

INVESTMENT CENTRE

If you are a client that does not have an investment adviser (including UBS employees), please contact:

1800 784 614