Originally published: The Asset, 15 February 2023
NextGen gains bigger influence on investment planning, sets sights on wider range of asset classes
Family offices are placing greater emphasis on succession planning as the influence of the next generation drives increased interest in sustainable investment, according to a new report.
The impact of Covid-19 has accelerated the integration of succession planning into long-term strategies of family offices. And as a result, younger generations are gaining a bigger influence on investment planning, according to the study from Aeon Investments, a credit-focused investment company based in London.
The firm commissioned market researcher Pureprofile to interview 100 senior investment managers and wealth managers working for family offices with a total of US$98.4 billion assets under management in the United Kingdom, the United States, Switzerland, Germany, Italy and the Nordic region in November 2022.