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Wealth management in family business

14 Nov 2014

Family businesses continue to be a fundamental source of private wealth creation, and a key engine driving the world economy. Dr Roselyn Lekdee, analyst at WealthInsight, looks at the role of wealth management in family businesses across developing and emerging economies.

  • The majority of family businesses in developing countries across Asia-Pacific are first-generation firms, 38% of which have only been listed on the stock market after the year 2000.
  • Family businesses in emerging countries are more inclined to go public earlier than those in developed counterparts.
  • Succession planning services are gaining prominence in developed economies, but remain low in demand in emerging economies.
  • Strict tax environments pose a challenge for the family firms in both developed and developing countries.

"Wealth managers facilitate the growth of family firms in developed economies and are increasingly playing a significant role in family businesses. However, demand for these services is limited in emerging countries: families in emerging countries prefer to limit the entry of outsiders, even as advisors, in their businesses," says Roselyn Lekdee.

For more information please see attached white paper: 'The Role of Wealth Management in Family Business'.

Source: Company Press Release

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