Asian Wealth Solutions Forum 2019 - Exclusive Insights - Lee Wong - 2

Lee Wong of Lombard Odier

Nov 13, 2019

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1. Are the NextGens prepared for wealth and family business transition?

Video transcript

1. Are the NextGens prepared for wealth and family business transition?

The next generation today are a lot more sophisticated and educated. They're curious. They want to learn. They're more in touch with the environment around them and they have a view. Having said that, in relation to being prepared for wealth transition and business transition, my personal feeling is they're on the way there, but they're not prepared enough. There's generally a challenge in getting the current generation to let go, to give them space, to express their voice, to make mistakes, to fail in their presence, so that they are better prepared for the transition process. On that front, it is still something we're trying to assist the families to walk the same journey together.

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