Asia’s high-net-worth (HNW) and ultra-high-net-worth (UHNW) populations have faced a torrid time over the past 12 months as far as managing assets goes. Extreme unpredictability across economies and markets has heightened volatility and added new investment risks. One of the few remaining certainties for wealthy clients, though, is the looming nature of intergenerational wealth transfer.
Among individuals and families worth US$5 million or more, this is expected to surpass US$18 trillion globally by 2030, according to a Wealth-X report released in 2021. Asia will account for