A report by Edelweiss Private Wealth Management and Campden Family Connect notes that more than half of Indian families are interested in setting up or joining a family office.
The report notes that Indian family businesses continue to overlook succession planning and that only 19 per cent of families have formally agreed or written succession plans.
According to the report, 58 per cent of families are interested in setting up a family office themselves or joining one added that half of them are already in the process.
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