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Wealth management

Report: Spontaneous family wealth chats and decisions can lead to regrets

November 2, 2023

Many families dive in without a plan, process or skills to make well-intended conversations about wealth productive – leading to unintended stress, potential family rifts and under-functioning heirs. Image: Bank of America Many families dive in without a plan, process or skills to make well-intended conversations about wealth productive – leading to unintended stress, potential family rifts and under-functioning heirs. Image: Bank of America

 

By Staff reports

Nearly four in five wealthy families have had unplanned discussions about wealth, with 26 percent later regretting it.

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MOST READ
  1. Aimée Ann Lou embraces conscious couture with wholly sustainable luxury footwear across entire value chain
  2. African diasporic art show aims ambitiously to widen circle of private collectors beyond community 
  3. Argentina: Reopening of a sleeping giant for luxury
  4. LVMH ramps up presence in media with Paris Match acquisition
  5. More listings, sales expected worldwide in 2025 as luxury segment continues outpacing general real estate market
  6. How AI shopping can quietly erode brand loyalty – and what it means for luxury 
  7. Four Seasons outlines long-term growth strategy after 65-year run so far
  8. 8 trends set to redefine experiential travel in 2026
  9. How can agentic AI reshape real estate’s operating model?
  10. US art market rebounds with 23pc jump in auction sales: report


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