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Nearly one in four (23%) family offices are fully prepared for the handover to the next generation as succession planning grows in importance, new global research from Ocorian, the specialist global provider of services to high-net-worth individuals and family offices, financial institutions, asset managers and corporates, shows. However, the study with family members at family offices as well as senior employees and intermediaries working for family offices with total wealth of $68.26 billion found that the approach and priorities of the next generation will differ when they take over. Almost nine out of 10 (85%) of family office executives and advisers believe the approach of the next generation differs from founders, with 28% saying it differs significantly. A further 14% say the...
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