SINGAPORE, May 12 (Reuters) – Asia-Pacific’s ultra-rich, set to take part in a global transfer of $83 trillion in assets over \u200cthe coming decades, are leaning more on wealth managers and \u200cfamily officers for succession planning than their European and North American peers, a \u200bUBS report found.<\/p>\n
With over 40% of Asia-Pacific’s families in the process of transferring wealth or actively planning to pass wealth on to the next generation, about 72% of those set to inherit assets are \u200clooking first to professionals \u2060for support, the Swiss bank said.<\/p>\n
That compares with 42% in North America and 19% in Europe turning to \u2060wealth managers and family officers for advice.<\/p>\n
“We see APAC families adopting a more structured, deliberate approach to intergenerational transition,” said Young Jin \u200bYee, co-head \u200bof UBS Global Wealth Management APAC.<\/p>\n
“The \u200bnext generation is also \u200ctelling us that access to a strong global network is what truly differentiates a wealth manager.”<\/p>\n
The $83 trillion in private wealth transfer is expected to occur over the next two to three decades, UBS said, with the “next generation” referring to those set to inherit such \u200cwealth and assume a greater role in \u200bmanaging their families’ fortunes and businesses.<\/p>\n
UBS’s \u200binaugural Global Next Generation Report \u200bcombined findings from two surveys conducted between May \u200c2025 and January 2026, comprising 175 \u200bresponses globally, of \u200bwhich around 11% came from Asia-Pacific.<\/p>\n
Nearly a third of those surveyed worldwide said their families are already transferring wealth, with \u200bparents and senior \u200cwealth owners taking the lead in starting the conversation on \u200bthe topic for most families, the report said.<\/p>\n
(Reporting by \u200bRae Wee; Editing by Sonali Paul)<\/p>\n","protected":false},"excerpt":{"rendered":"SINGAPORE, May 12 (Reuters) – Asia-Pacific’s ultra-rich, set to take part in a global transfer of $83 trillion…\n","protected":false},"author":2,"featured_media":63772,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129],"tags":[941,3563,34837,34838,34836,223,17625,21592,21763],"class_list":{"0":"post-63771","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ubs","8":"tag-asia-pacific","9":"tag-families","10":"tag-family-officers","11":"tag-global-transfer","12":"tag-succession-planning","13":"tag-ubs","14":"tag-wealth-manager","15":"tag-wealth-managers","16":"tag-wealth-transfer"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116559057117966172","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/63771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=63771"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/63771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/63772"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=63771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=63771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=63771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}