Managing family wealth continues to be an increasingly complex
business. Options available to families continue to increase, as
does the number of personal factors to consider. We examine how the
trends highlighted by this year's Global Business Complexity
Index are impacting those managing family wealth and associated
offices.
As we emerge from a global pandemic it is clear that the drive
for simplicity is continuing, while there's increasing demand
for, and adoption of, Environmental, Social and Governance (ESG)
good practice.
Private clients and family offices are concerned with
reputation, compliance, governance, legal and political stability,
access to specialists and, importantly ,how to navigate complexity
of the global markets they operate and invest in. While tax
continues to be a consideration, it is no longer the overriding
factor it once was.
