Wealth Solutions & Wealth Planning

UBS launches UHNW tool-kit to support wealth transfer

UBS has created a Family Office Compass – a strategic tool-kit to help UHNW families flourish across generations.

This aims to address one of the key findings of the Global Family Office Report 2016: nearly 70% of family offices expect a generational transition within the next 15 years, yet just 37% of them believe the next generation want to play a more prominent role in managing their family's affairs. 

This reluctance is often not due to a lack of interest or aptitude, but rather an inability to identify ways to participate that suit their personal interests and life trajectories. 

The Family Office Compass is designed to help overcome potential obstacles to generational transition, such as placing trust in potential successors, or maintaining relevance with the younger generation. 

Developed in conjunction with the Cambridge Institute for Family Enterprise, it guides families in how to set up a state-of-the-art family office. It also offers them a perspective on the strategic role of a family office beyond traditional and short-term wealth management.