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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
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  3. Argentina: Reopening of a sleeping giant for luxury
  4. Four Seasons outlines long-term growth strategy after 65-year run so far
  5. How AI shopping can quietly erode brand loyalty – and what it means for luxury 
  6. 8 trends set to redefine experiential travel in 2026
  7. How can agentic AI reshape real estate’s operating model?
  8. AI adoption may not be a choice for luxury
  9. LVMH ramps up presence in media with Paris Match acquisition
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