Campden Wealth’s 2022 European Family Office Report

The importance of written succession plans and preparing the next generation

January 19, 2023

As ultra-high-net-worth families navigate a major global wealth and succession transition, questions are being asked about implementation of plans and Next Gen readiness. In an exclusive interview with Campden FB, KPMG’s private client lawyer Harriet Kwarteng discusses how best to navigate the tricky subject of succession.

As ultra-high-net-worth families navigate a major global wealth and succession transition, questions are being asked about implementation of plans and Next Gen readiness. Especially as, according to Campden Wealth’s 2022 European Family Office Report, significant numbers of European family offices believe that the next generation is too young (36%) or inadequately qualified to take over (34%).