Bringing you live news and features since 2006 

Announcement

Ultra wealthy to transfer USD16trn over next 30 years

RELATED TOPICS​

At least USD16 trillion of global ultra high net worth (UHNW) wealth will be transferred to the next generation over the next 30 years, according to the Wealth-X and NFP Family Wealth Transfers Report. 

This will be the largest wealth transfer in history, creating a new crop of ultra wealthy individuals.
The findings in the Wealth-X and NFP report released today underscore the importance of early planning to ensure the successful transmission of assets and values from the benefactor to its beneficiaries.

Below are other key highlights from the report:                                                              
• The majority of those passing on their wealth are self-made individuals.
• The United States will see the greatest amount of wealth transfers, with USD6 trillion set to change hands in the next 30 years — amounting to nearly 40 percent of the global total.
• Forty-three percent of Asia's UHNW wealth (USD3 trillion) will be transferred.
• Nearly USD5 trillion in liquid assets will change hands.
• Philanthropic bequests will also form part of this upcoming wealth transfer, with USD300 billion in charitable donations expected.
• Private holdings form the largest component of the net worth of UHNW individuals set to transfer their wealth, with USD6 trillion of UHNW wealth currently held in private companies.
• Wealth rises with age, and UHNW individuals who are 80 years old or above are on average five times wealthier than those under 40.

Wealth-X Presiden,t David Friedman, says: "The Wealth-X and NFP Family Wealth Transfers Report highlights what will be the largest wealth transfer in history from one generation to the next. Expert commentary from NFP on how to leverage structures like life insurance to optimise such transfers complements Wealth-X's global intelligence on the world's UHNW population, most of which is privately held, producing a study that is unique, valuable and essential to those who would like to understand and engage this momentous transfer of ultra affluent wealth."

Bryan Schick, President of NFP International, adds: "With USD16 trillion passing to the next generation over the next 30 years, the enduring legacies of many families will soon be defined. Expert guidance from qualified global advisors will be paramount in assisting the ultra high net worth in navigating complex planning challenges and executing an efficient transfer of wealth and values."

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by