FAST FACTS


49% HAVE NO


SUCCESSION PLAN


43% NEXT GENS SET


HAVE A SUCCESSION PLAN 70%


TO TAKE OVER IN 10-15 YEARS


1 in 3


10-15 years, only 43% say they have a method in place to achieve this—only a one percentage point increase from last year. Of these, only 24% have a formally agreed


written plan, 9.4% have an informally agreed written plan and 10% have a verbally agreed plan, the GFOR reports.


FAIL TO PLAN


Catherine Grum, head of family office services at KPMG, says while families acknowledge that early preparation is central to implement a successful succession plan, lack of time, and fear of complexity can be barriers for some families.


NEXT GENS HOLD MANAGEMENT OR EXECUTIVE ROLES


$30 TRILLion


ASSETS WILL PASS TO HEIRS IN NEXT 30-40 YEARS


Source: The UBS / Campden Wealth Global Family Office Report 2018


ISSUE 75 SUPPLEMENT | 2019


CAMPDENFB.COM


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