Peers Rival Wealth Managers as Succession Advisers to the Next Generation
UBS’s 2026 Global Next Generation Report shows that 27% of high‑net‑worth heirs now view peers as their primary source of succession advice, surpassing traditional wealth managers and private banks, each at 21%. Younger heirs, especially those aged 22‑25, rely heavily on peer networks, while older cohorts still turn to lawyers. The study also reveals that 78% value networking opportunities from financial firms, and 67% consider a strong personal connection with advisers essential. Wealth managers are therefore being pushed to act as coordinators of broader advisory ecosystems rather than sole authorities.
UK Property Assets Held Offshore Increasingly at Risk, Lawyers Warn
Lawyers warn that UK property owned through offshore companies is increasingly becoming ownerless as holding firms dissolve or are struck off their registers. When a company is dissolved, the freehold can escheat to the Crown, forcing owners into costly legal...
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What Is an Inter-Vivos Trust? Definition, How It Works, and Benefits
An inter‑vivos (living) trust is established while the grantor is alive to hold and manage assets for designated beneficiaries. It can be revocable, allowing the grantor to amend or cancel it, or irrevocable, which removes control and can lower estate‑tax...
Will Millennials' Attitude Toward Money Put the Family Wealth at Stake? A Wealth Adviser Explains How Families Can Find Common...
The article examines how ultra‑high‑net‑worth Millennials are reshaping the $124 trillion Great Wealth Transfer, favoring personalization, flexibility, and purpose over the legacy‑focused mindset of Baby Boomers. It argues that financial advisers must become relationship managers, using storytelling and customized planning to...
A Tale of Two LPs
Two family offices are taking opposite stances on venture capital exposure. One is sharply scaling back, limiting VC commitments to under 2% of its total assets, while the other is increasing its stake to roughly 12% of its portfolio. Both...
Bolt Ventures Is Fast Becoming the Family Office with the Most Sports Assets
Bolt Ventures, the U.S. family office controlled by investor David Blitzer, is rapidly emerging as the family office with the largest portfolio of sports assets. The firm now owns stakes in multiple professional teams across the NHL, NBA, and European...
When Direct Indexing Is the Wrong Fit for Your Client
Direct indexing, now a $1 trillion mainstream strategy, offers tax‑loss harvesting and customizable equity exposure. Gregory Kanarian of Natixis warns that the approach is unsuitable for certain client profiles, including qualified retirement accounts, low‑tax‑bracket investors, and those with minimal capital gains....
3 OBBBA Tax Provisions Wealthy Families Should Act on Now, From a Financial Pro
The One Big Beautiful Bill Act (OBBBA) enacted in July 2025 makes key 2017 tax cuts permanent and raises several limits for high‑net‑worth families. The federal estate‑tax exemption jumps to $15 million per individual ($30 million for couples), while the Roth conversion window stays open under permanent...
Mubadala Capital, Mark Walter, and the Great Multi-Family Office Consolidation
Abu Dhabi‑based Mubadala Capital, with billionaire backers Mark Walter and Thomas Tull, has financed Corient’s aggressive purchase of several multi‑family offices within a year. The roll‑up pushes Corient toward managing roughly $500 billion in wealth advisory assets, positioning it as one...
TwinFocus Plans to Avoid Venture for Family Office Clients, ‘Dubious’ on Asset Class
TwinFocus, a leading multifamily office, announced it will largely steer its family‑office clients away from venture‑capital allocations, labeling the asset class as "dubious." Head of the firm, Paul Karger, said the firm prefers to avoid managers operating in overly crowded...
Succession Ambiguity Is a Universal Risk
Asia now hosts the world’s largest billionaire pool, with 981 ultra‑rich individuals and an estimated US$5.8 trillion slated to change hands by 2030. Yet 37% of family enterprises lack a formal succession plan, creating a governance gap as wealth accelerates. Regional...
Investor Intentions: Alpine AM Family Office Plans to Scale up Its Portfolio in 2026
Taiwanese family office Alpine AM announced plans to scale its investment portfolio, targeting up to $4 billion in new allocations over the next five to eight years, beginning in 2026. The fund aims to diversify across private equity and other alternative...
UHNW Families Rebalancing Portfolios Amid Iran Fallout, Spelling Opportunity for Advisors
Ultra‑high‑net‑worth families are shifting 15‑20% of their holdings as the Iran conflict disrupts oil markets and fuels inflation and currency volatility. deVere Group reports a surge in its Family Office division, with clients rebalancing assets, jurisdictions, and governance structures. The...
Charlotte Davey: Planning in the Age of the ‘Great Wealth Transfer’
The UK‑centric "great wealth transfer" will move roughly £5.5 trn (about $7 trn) of assets between generations by 2050. Younger investors are already active – over 90% use paid advice and nearly half of Gen Z and Millennials invested in the past year....
Forget 'Trust Reveal' Parties: This Is How to Successfully Transfer Wealth
Families often overlook the emotional groundwork needed for successful wealth transfers, leading to a 70% failure rate. Experts recommend three pillars: telling the family’s story and values, defining a clear purpose for the wealth, and initiating ongoing money conversations from...
Bank of America Exposes Hidden Flaws in Your Trust
Bank of America Private Bank warns that most family trusts contain five hidden drafting flaws that can unravel inheritance plans. Trust ownership rose from 11 % to 14 % between 2025‑2026, and the recent jump in the federal estate‑gift tax exemption to...
Locked Into Concentrated Capital Gains? Exchange Funds Could Help
Exchange funds let investors swap concentrated, highly‑appreciated stocks for a diversified basket, deferring capital‑gains taxes under Section 721. A mandatory seven‑year hold period spreads gains across participants, instantly reducing single‑stock risk. Start‑ups like Cache are popularizing the model, amassing over $1.25 billion...
Family Offices Piled Into Oil After Capital Dried Up. The Recent Rally Has Made for Big Gains
Family offices have capitalized on the recent oil price surge, which rose about 30% to over $94 a barrel after the Iran conflict began in February. With institutional investors pulling back due to ESG pressures, these ultra‑wealthy firms entered the...
Farther Launches Family Office Division
Farther, a New York‑based registered investment advisor, has launched a multi‑family office targeting ultra‑high‑net‑worth families and appointed former Goldman Sachs private‑wealth advisor Ben Seidenstein as global head. Seidenstein brings more than 13 years of experience overseeing $1.5 billion for entrepreneurs, executives, and private investors. The...
Oil Dynasties Roll in the Dollars, Fueling Their Family Offices
The spike in oil prices triggered by the Iran war has dramatically increased the fortunes of families tied to the fossil‑fuel sector. These dynasties are channeling their windfalls into dedicated family offices, seeking to preserve and grow wealth beyond traditional...
Washington's Millionaire Tax Is Now Law. Here's What One Seattle Wealth Advisor Is Telling Clients
Washington enacted a 9.9% millionaire tax on households earning over $1 million, projected to generate about $3 billion annually from roughly 21,000 filers. Collections start in 2029, but the law faces immediate constitutional challenges that could delay or overturn it. Ultra‑high‑net‑worth advisors,...
Private Market Investments Have Gone Mainstream. Now What?
Private‑market allocations have moved from niche access tools to core portfolio components as households with $5‑$20 million in assets now control 40% of U.S. investable wealth, up from 18% in 2013. Advisors are fielding more client inquiries about high‑profile private companies...
Abu Dhabi’s ‘First Home-Grown Hedge Fund’ Targets Multi-Billion AuM in Three Years
Abu Dhabi‑based Dovehouse Capital, founded by Danish entrepreneurs Claus Gotthard and Martin Rasmussen, launched its first hedge fund this month, positioning itself as the emirate’s inaugural home‑grown manager. The firm has secured $80‑150 million in commitments from Emirati family offices and...
Asian Families Are Moving Faster than Their Wealth Plans
Asian high‑net‑worth families are relocating and diversifying assets faster than their traditional wealth‑planning frameworks can accommodate. Data from the Henley Wealth Report shows a record 142,000 millionaires moved abroad in 2025, with the trend set to rise to 165,000 in...
$2.4B UBS Breakaways Launches Evertern Wealth to Target UHNW Families with Family Office Model
Veteran UBS advisors Jason Stephens and Mic Lundon launched Evertern Wealth in Naples, Florida, moving roughly $2.4 billion in assets into a new independent multi‑family office. The boutique firm targets ultra‑high‑net‑worth families, founders and senior executives, offering institutional‑grade capabilities with personalized...
Dynasty, Goldman Power Latest $2.4 Billion Breakaway From UBS
Advisors Jason Stephens and Mic Lundon left UBS with roughly $2.4 billion in client assets to launch Evertern Wealth, a Florida‑based RIA delivering family‑office services. The firm is backed by Dynasty Financial Partners for technology and investment access, while Goldman Sachs...
Three Fiscal Landmines Faced by Family Offices
The One Big Beautiful Bill Act (OBBBA) cemented a $15 million estate‑gift exemption but introduced a 35 % cap on itemized deductions and a 0.5 % AGI floor that erodes charitable benefits for high‑income families. A pending California billionaire tax would levy a one‑time 5 % charge on...
Investors Trust’s David Knights on Succession Planning and Intergenerational Wealth in Asia
David Knights, head of Investors Trust’s Asian distribution, relocated to Kuala Lumpur three years ago, building a cohesive, multilingual team that enhances client service across the region. He notes that Asian high‑net‑worth clients are increasingly focused on longevity, sustainable retirement,...
Zephyr's Adjusted for Risk: Skill Over Style - Redefining Investment Success
Zephyr’s market strategist Ryan Nauman hosted a podcast with Aapryl’s Bill Himpele and Cesar Gonzales to champion skill‑based analytics over traditional backward‑looking performance reporting. The discussion highlighted that much apparent outperformance stems from cyclical market and style exposures rather than...
Teaching the Next Generation About Wealth and Responsibility
Generational wealth often disappears not because of poor investments but due to missing communication, financial literacy, and stewardship frameworks. Studies cite that about 70% of families lose wealth by the second generation and 90% by the third, highlighting a behavioral...
Profile: Michael Paulus, Setting up a Family Office and Solving Financial Problems for Himself
Michael Paulus cashed out his insurance business to Prudential for $2.35 billion in 2019 and subsequently founded a dedicated family office to steward the proceeds. The office quickly moved beyond passive holdings, deploying capital into private‑equity, venture, real‑estate and impact projects...
With Trillions Set to Change Hands, Just 44% of Advisors Feel Prepared
A new Empathy study of 555 advisors in the U.S., U.K. and Canada finds that while 97% are aware of the looming $124 trillion great wealth transfer, only 44% feel prepared to guide clients through it. Advisors report low concern—72% are...
With a Faster Route to Profits than Fusion, Nuclear Fission Is of Much More Interest to Family Offices
Family offices are increasing investments in next‑generation nuclear fission plants, seeing them as a more reliable route to profitability than the still‑experimental nuclear fusion sector. The new fission designs promise lower construction costs, modular construction, and shorter timelines, aligning with...