UBS Sees Asia’s Next-Gen Wealthy Leaning on Family Offices Amid Succession Wave

UBS expects about USD83tr in wealth to change hands globally over the next two to three decades, with Asia-Pacific families increasingly turning to professional advisers and family offices as intergenerational transfers accelerate, according to the bank’s newly launched Global Next Gen Report.

The UBS next generation wealth survey of around 170 clients found more than 40% of Asia-Pacific multi-generational families are already transferring wealth or actively planning succession, reflecting the region’s relatively young wealth base compared with Western markets.

UBS said 72% of next-generation respondents in Asia-Pacific rely on wealth managers and family offices for succession planning, while impact investing is gaining traction faster than cryptocurrencies among younger heirs.

The bank also said next-generation clients are demanding more digital and AI-driven engagement tools.