Jersey Family Offices: Focus On NextGens

There are two key developments happening in the family office space as we move further into the 2020s: firstly, a vast transfer of wealth (estimated at US$5 trillion ) is occurring in Asia as a senior generation of ultra-high net worth individuals (UHNWIs) passes the mantle on to the next wave of Generation Xers, Millennials and beyond - collectively referred to as NextGens; and secondly, across the world a new cohort of UHNWIs - the so-called Xennials (those born on the cusp of Generation X and the Millennials in the late 70s/early 80s) - are looking to place their wealth into new, innovative and dynamic holding structures.

The Great Homogenisation