Wealth managers reduce the risks of transferring assets across generations

Wealth transitions are complex. Mismanaged, they can damage family relationships and forfeit opportunities to build lasting legacies. According to UBS’s billionaires report in 2024, multigenerational billionaires have inherited a total of US$1.3 trillion ($1.73 trillion) in the past decade — and that number is set to grow.

UBS estimates that billionaires aged 70 and above will transfer US$6.3 trillion to the next generation over the next 15 years, according to Young Jin Yee, co-head of UBS Global Wealth Management Asia Pacific and country head of UBS Singapore.