Asia-Pacific's Ultra-Rich Lead $83 Trillion Wealth Transfer
The Asia-Pacific region's ultra-rich are spearheading a massive $83 trillion wealth transfer, relying heavily on wealth managers and family officers. A UBS report reveals their preference for professional guidance over their European and North American counterparts, with 72% of wealth inheritors seeking support, highlighting a structured approach to intergenerational asset transition.
- Country:
- Singapore
The Asia-Pacific region's ultra-rich are leading a global wave of wealth transfer, according to a new UBS report, with a staggering $83 trillion set to change hands over the coming decades.
In a notable trend, 72% of heirs in the region are turning to wealth managers and family officers for guidance—far surpassing North America's 42% and Europe's 19%.
This highlights Asia-Pacific's more structured approach to succession planning, as articulated by Young Jin Yee, co-head of UBS Global Wealth Management APAC, who emphasizes the importance of a strong global network in wealth management.
(With inputs from agencies.)
Advertisement
Google News