Wealth-X’s Post

More than a quarter of world's wealthy worth $5m+ will pass on their fortunes in the next 10 years, with Gen X as the primary beneficiaries. Much is often made in the media of millennial and Gen Z inheritors but, in fact, most heirs (excluding partners) are currently in their mid-to-late 40s. Gain valuable insights into the profiles and strategies of these ultra wealthy individuals in Altrata's Family Wealth Transfer 2024 report – https://bit.ly/45udwSU

Really interesting data from Altrata's latest Family Wealth Transfer report... in the next decade we will see 25% of the world's wealthy individuals pass on their assets to our Gen Z population. Certainly a population with different priorities/ investment strategies. Worth the quick read for sure...

🚀 Exciting News Alert! 🚀 Get ready, NAHREP & HWP Familia, because the Drivers of Wealth: 2023 State of Hispanic Wealth Report is dropping in just one week! Our team has been hard at work, and this year's report is more comprehensive and insightful than ever before. Stay tuned for exclusive insights into the financial landscape of the Latino community. Get ready to be inspired, informed, and empowered! #hispanicwealth2023 #hispanic #report #success #wealth #hispanicwealth #hispanicwealthproject Hispanic Wealth Project

Top 10 Richest Families in The World Wealthy was not simple to acquire and accumulate, not to mention achieving the world's wealthiest 2021 family record. We will examine in detail the families on the wealthiest global record of trillions of families on Earth's face, and we shall look at their history, enterprises, and assets from the files and ranks. Here, Topteny magazine prepared a list of the world's wealthiest ten families. #RichestFamiliesinTheWorld #TheRichestAndMostPowerfulFamilies #thewealthiestfamilies #topbillionaires

On Tuesday I had the pleasure of speaking at the Modern Affluence Exchange Summit on a panel led by Jessica McGawley, alongside Piers Linney, JJ Hodari and Romane Howsam. The topic – ‘The Great Wealth Transfer’ – is a pertinent one for many families.   Here are my key takeaways:   1)    It can be hard for parents to let go. Parents need to trust their children, but the children need to feel trusted to take the reins. It takes time to build trust. The first step is open and transparent communication. What do all parties want, and how can they support each other?   2)    The importance of having trusted advisers cannot be overstated. Founders and stewards of family businesses are experts in their field, but the difference between business and financial assets is often underestimated. Mistakes are costly, and families need a network of experts they can rely on.   3)    It is no secret that sibling differences can be the downfall of family businesses and wealth. Families need to promote harmony among siblings early on – their aspirations and expectations will be different. This can be achieved by clearly communicating the available opportunities and established succession plans in order to minimise competition and resentment. #privatewealth #nextgeneration #familygovernance #successionplanning

Four Times Our Clients Come to Us | Four: Who am I? There are two sides to the inheritance experience. Side A offers access to resources, opportunities, and connections. Side B brings the challenge of finding a unique voice while navigating expectations of familial legacy. Yes, the advantages of wealth are plenty, but the experience isn’t without its challenges. Here’s our take: next gen inheritors should have the freedom to explore their individuality and pursue their passions without being confined by family systems. *This* is why Wellth Works exists — to guide clients as they uncover who they are *outside* of the money and opportunity that their family system provides. Through dialogue, introspection, and tailored support, we empower inheritors to embrace their dreams and ambitions, creating lives that honor both family history and personal values. What we offer extends beyond wealth management — it fosters growth to ensure that future generations have a clear understanding of their unique identities. In families where tradition overshadows individuality, Wellth Works serves as guide, helping next gen perspectives find their place within their family systems. Because ultimately, genuine prosperity extends beyond material wealth assets — it comes from creating a life rooted in meaning, purpose, and passion. Together, we can reimagine the way next gen inheritors embrace their legacies. Partner with Wellth Works, and watch your clients transform: https://wellth-works.com/

Financial analysts believe we’re on the cusp of the greatest generational wealth transfer in history, providing an exciting opportunity for growth in generosity among the next generation. This article shares three ways to transfer your wealth—and your values—well.

Financial analysts believe we’re on the cusp of the greatest generational wealth transfer in history, providing an exciting opportunity for growth in generosity among the next generation. This article shares three ways to transfer your wealth—and your values—well.

Financial analysts believe we’re on the cusp of the greatest generational wealth transfer in history, providing an exciting opportunity for growth in generosity among the next generation. This article shares three ways to transfer your wealth—and your values—well.