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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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NEW INTELLIGENCE

MOST READ
  1. Future of luxury goods is AI-powered transformation: report
  2. Luxury fashion sector needs to reinvent amidst widespread global slowdown
  3. New episode of Luxury Stance Podcast: What the ultra-wealthy – 0.01 percent – want out of luxury hospitality
  4. Future of refrigeration in the luxury home – and what consumers are telling brands
  5. Is luxury losing its luster as US affluent consumers’ priorities shift?
  6. 1 week left – Countdown begins for Luxury Outlook Summit New York
  7. Why brands should scale back and focus on the core to drive growth
  8. Access no longer the new scarcity for global wealthy: report
  9. Luxury Roundtable launches Luxury Marketer, a global intelligence, analysis and news source for luxury professionals across sectors 
  10. Webinar Oct. 9: Why AI is key to luxury's future


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