Abstract
The author proposes that five major developments are shaping the family wealth market over the next three to five years, causing private wealth advisors to rethink new business opportunities and adapt to the changing needs of business owners and wealthy individuals. Aging of the global population, a shift in market capitalization to the developing world, concentration in trust assets, transitions in private business ownership, and greater interest in long-term private equity investing by wealth owners all will have a dramatic impact on the earnings potential of private wealth managers. Hamilton concludes that even if the future does not embrace all these trends, the shifts that do occur will generate profound transitions. The unquestionable changes sure to come from global adjustments will present enormous challenges and opportunities to the UHNW advisory marketplace. Those advisors who prepare for and capitalize on this momentous change should find themselves ahead of the competition, delivering unique and distinct value for their clients. <b>TOPICS:</b>Wealth management, private equity, global markets
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