Succession planning
We help families like yours with tailored governance and wealth structuring solutions, to preserve unity and prepare the rising generation. Our long-term partnership approach ensures that your family’s values and objectives are safeguarded across generations, providing clarity, continuity, and confidence for the future.
Building a legacy that lasts
Today, wealthy UK families face new complexities. Globalisation means that relatives may live on different continents, making it more difficult to maintain close ties and a shared vision. Increasing life expectancy and changing family structures, such as blended families or large age differences between siblings, require more flexible and inclusive approaches. The traditional, hierarchical model is giving way to a more collaborative approach to decision-making, in which the skills and perspectives of each member are valued. In this context, a considered approach to governance is essential for families who wish to preserve unity and effective decision-making across generations.
Driving successful succession with effective change management
They update what no longer serves them, adapting their governance, refreshing roles, and strengthening relationships.
They engage several generations in shaping the future, recognising that long-term ownership is collective work.
They make expectations explicit, and communication intentional, preventing friction and building trust through openness.
Understanding what matters most
Every family is different. Some are shaped by tradition, others by change. Some are close-knit, others are spread across continents. However, the transfer of wealth invariably brings unspoken questions to the surface. It can lead to deeper reflection around identity, belonging and the responsibilities that come with stewardship. These moments are opportunities for families to take a step back, consider what truly matters to them, and to approach the future with care and intention. At Pictet, we start by listening. We take the time to understand your family’s story, your priorities and the challenges you face.
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Clarity through governance
Clear and adaptive governance frameworks are essential for maintaining unity and clarity when managing family wealth. Such frameworks support robust decision-making, ensure that all voices are heard and help to uphold the family’s collective vision. At Pictet, we work closely with families to devise bespoke governance systems that are tailored to their unique dynamics, thereby fostering alignment and reducing the potential for conflict.
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Preparing the next generation
Much of the conventional wisdom about family wealth is shaped by cautionary tales, most famously the idea that wealth is created by one generation, maintained by the next and lost by the third. While this narrative is often repeated, it is not borne out by robust evidence. In fact, research shows that many families succeed in sustaining wealth and purpose over the long term, especially when they focus on developing the skills, values and cohesion of each generation.
The key to a successful wealth transfer lies in preparing the rising generation to take on new roles with confidence and purpose. We help families engage in honest conversations about money, values and expectations – conversations that are all too often avoided but are essential to building trust and unity. We also help to create programmes that enable family members to develop the skills and experience they need to become responsible stewards, whether through education, involvement in family decision-making processes, or leadership opportunities.
A partner for the long term
At Pictet, we believe that wealth management is about more than just managing wealth; it is about managing what it means to be wealthy. We know from experience that lasting relationships are built on trust, discretion and a genuine commitment to our clients’ long-term interests. Our advice is always tailored, never off the shelf. Whether you are considering succession planning or looking to align your wealth with your values, we can help you find solutions that fit your family, both now and for generations to come.
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Family advisory
We partner with families to organise their wealth, define their aspirations, and establish a governance framework that reflects a shared vision.
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Wealth planning
We provide tailored guidance on wealth structuring, succession planning and cross-border considerations to help families prepare for the future.
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Philanthropy services
We help families align their wealth with their values through innovative strategies and impact-driven initiatives that reflect the rising generation’s focus on sustainability and positive change.
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Wealth Management Insights
Contact our expert in the UK
Our global team is at your disposal for any information you may need. We look forward to hearing from you and discussing what we can do to help you.
