The future of wealth management

Director Greta Pender features in issue 423 (April 2025) of Business Brief.

The edition is focused on 'opportunities and threats: the future of wealth management' and Greta shares her key insights from February's STEP Global Congress 2025.

The event took place in Rome and brought together international trust and estate professionals to explore the evolving landscape of wealth management and highlight the global trends that are shaping the future of private wealth.

Greta said: 'From a study of +2,000 students from global business families, it was noted that only 4% intended to start working in the family business and continue there permanently. In contrast 88% had no intention of succeeding to the leadership of the family business, and in fact wanted to set up their own business, often in a different sector. These figures illustrated the importance of having open discussions with the generations across the family and implementing succession strategies for the family business, especially if this is to be externalised outside of the family.'

Click here to read the full edition - Greta's article is one pages eight and nine.

 

Related articles

Insight +
A practical guide to trustee blessing applications for 'momentous' decision...
05/02/26 This briefing note is intended for trustees who are interested in trustee blessing applica...
Insight +
Varying trusts in Jersey
04/02/26 Jersey is one of the world’s leading jurisdictions in which to establish and manage privat...
Insight +
Trustee gross negligence and trust assets: Guernsey Court of Appeal consid...
28/01/26 The Trusts (Guernsey) Law, 2007 (Trusts Law) confirms that the terms of a trust may not re...
Insight +
Upcoming amendments to the Jersey Companies Law
27/01/26 On the 21 January 2026, the States of Jersey adopted the Companies (Jersey) Amendment Law ...