Family Office Conflicts on the Rise
Conflict within family offices is increasing, according to a report by Standard Chartered Global Private Bank.
A survey of 160 family office professionals found that 74% of respondents reported an increase in intra-family conflict.
- Better succession planning
- Embracing AI
are key priorities for the future management of high net worth (HNW) and ultra high net worth (UHNW) family wealth.
The report provides insight into decision-making processes within family offices, where the final say typically rests with the family.
Family office professionals report an increase of conflict within their firms.
Author's summary: Family office conflicts rise due to poor succession planning.
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