Planning early for a successful great wealth transfer
In this episode, Victor Aerni, CEO of Pictet Wealth Management Asia, speaks with Genevieve Cua, Wealth Editor at Business Times on the human, structural and emotional complexities behind the Great Wealth Transfer.
Asia is on the brink of the largest intergenerational transfer of wealth in its history. Over the next five years, nearly USD 6trn is expected to pass to the next generation, with Singapore positioned at the heart of this significant transition.
Managing multi-generational family dynamics is inherently complex. The longevity of patriarchs and matriarchs often results in multiple generations cohabiting and jointly managing family businesses and wealth. These dynamics are further complicated by evolving family structures and shifting cultural values.
However, it is important to recognise that every family is unique, and there is no universal solution. Early planning and open dialogue are essential to address the diverse concerns, aspirations, and needs of all family members.
Succession planning is not merely a financial transaction. It involves the convergence of assets, businesses, identity, and expectations. Without clear rules and honest communication, even the most resilient families may face internal conflicts.
Listen to the podcast to learn more about:
- Succession lessons
Real examples from Rolex, Lee Kum Kee and Mitsui show how governance can outlast founders.
- Generational blind spots
How global education, blended families and shifting values widen the gap between elders and heirs.
- Family charters explained
Why a written framework often matters more than structures or tax planning.
- Planning without drama
Practical ways to start difficult conversations and avoid very public disputes.
About WealthBT Podcast
Learn to protect and grow your wealth in this podcast series for affluent individuals, hosted by The Business Times wealth editor Genevieve Cua and Pictet experts in selected episodes.
Listen to more episodes with Pictet experts
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