In the midst of the greatest transfer of wealth in history, UBS Investor Watch turns its attention to the challenges and opportunities of shifting wealth to future generations. We surveyed 4,500 high net worth investors in the US, Latin America, Europe and Asia.
We found that, even after the harsh realities of the pandemic, many investors simply aren’t taking the actions necessary to ensure successful wealth transfer. Four in 10 don’t have an up-to-date will or wealth transfer plan. Half aren’t having important conversations to prepare their future heirs.
So why—with so much wealth expected to change hands in the next 20 years—aren’t more investors taking action?