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By Viola STEINHOFF WERNER, Head Global Next Generation and Families, Credit Suisse
Digitalization and competition from Fin Techs have played a key role in triggering change in wealth management but they have not generated the profound disruption witnessed in some sectors. True disruption, however, may be just around the corner for wealth management, as the dramatically different demands and values of its future clientele, the Next Generation, will not only have to be rapidly addressed but also met.
The Next Generation, in this particular case, refers to the inheriting generation on the cusp of taking the reins of a successful business started by their parents, grandparents or earlier family members or those about to inherit at least part of...
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