"As the average age of HNI and UHNI investors has been dropping, riskier products like equities, private equity funds, unlisted equities, and private credit have gained substantial traction. Also, investors are looking at offshore investments and having global diversification. Weve further observed a notable surge in establishing offshore family offices and family investment funds (FIFs)."
Asia just beginning its family office journey – Professional Wealth Management pwmnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pwmnet.com Daily Mail and Mail on Sunday newspapers.
Rush for wills to secure family wealth in Covid
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Rush for wills to secure family wealth in Covid
Namrata Singh & Reeba Zachariah / TNN / Updated: Jun 11, 2021, 13:39 IST
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MUMBAI: A businessman in his late 40s, who had severe Covid and was desperate for oxygen and a hospital bed, had given up hope of surviving the brutal second wave that has ravaged several families. “When I survived, I felt that miracles do happen. But this has shaken me up,” he later told friends and associates.
While recuperating, he realised the catastrophic financial impact the pandemic would have had on his family had he not made it in the absence of a will and the separation of personal assets from his well-spread business. While his son is still studying, his wife and daughter know next to nothing about his finances. He is now working on his will and plans to ensure his business and personal assets are segregated and securely kept in a trust for the benefit of
In a study of over 100 family-owned businesses by Executive Access India, conducted exclusively for TOI, 64% companies said they are optimistic in their outlook for the current financial year.
India Business News: Mumbai: The worry about economic uncertainty notwithstanding, Indian family-owned businesses are upbeat about their prospects in 2021-22.