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Asia’s rich fear losing the family fortune — but many still have no succession plans, survey shows
- A Lombard Odier survey of Asia-Pacific's wealthy shows wealth preservation across generations is the top priority for many.
- Only 26.9% said their family had a full succession plan in place, signaling a large gap between intention and action.
- About 39.4% reported having no succession planning at all, increasing risk amid intergenerational wealth transfer.
- The report notes an 'intention-implementation gap' among Asia's wealthy families due to governance and communication hurdles.
- Governance weakness and limited family communication leave many families vulnerable to wealth loss.
- Japan, the Philippines, Malaysia and Hong Kong show notably weak succession preparedness.
- Many older family members have not involved younger generations in governance and wealth discussions.
- Nearly 29% of respondents cited a lack of open communication as a key governance challenge.
- Wealth transfer risks are rising as Asia and the world face a large intergenerational handover of assets.
- Lombard Odier's Asia chief warns that without governance, clients may not hold onto wealth.
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