UBS Global Wealth Management has issued its first UBS Global Next Generation Report, surveying next generation wealth inheritors on their sentiment towards both wealth transfer and its inherent responsibility, ahead of the $83 trillion expected to change hands over the next two decades.

UBS
Global Wealth Management“s latest report highlights how an
estimated $83 trillion in private wealth is expected to transfer
globally over the next two to three decades, making this the
largest wealth transfer in modern history.

As families evolve, wealth management is becoming more
institutionalised, with nearly four in 10 operating through a
single-family office, the report states. Traditional…