Indian Wealth Management Forum 2019 - Exclusive Insights - Shweta Shah
Head - Wealth Structuring & Tax
Edelweiss Private Wealth Management
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Eventually, we will have no choice but to be ready. But are we ready today? I think in bits and pieces; I would say it's a work in progress. There are certain areas where we have done well. Basically, the clients, as I said, the promoter families have become more open to discussing sensitive issues with us. Woman are given the power if they deserve it. Younger generations who are not interested in (family) businesses are allowed to venture outside. So, there is a mixed bag: at the same time there is still some work to be done in this area, because I think the elder generation still may not be willing to relent control so easily. At the same time, the younger generation - which is more technology based, which is more vibrant with the fresh blood - they may not really agree to everything that the elder generation (wanted) so that gap still has to be bridged.