Article

High Net-Worth Individuals

Key Concerns of High-Net-Worth Clients

According to the Citi Family Office Survey (2022), the top concerns HNW clients face include:

  • Preserving the value of their assets (65%)
  • Preparing the next generation to become responsible wealth stewards (51%)

  • Managing transitions such as succession, ownership transfer, or relocation (43%)

Beyond these top-line worries, many clients tell us that true peace of mind with wealth requires:

  • Confidence that wealth is protected from lawsuits, creditors, and external risks.
  • Clarity around succession: especially in the event of illness, incapacity, or sudden death.

  • A sense of purpose, where wealth reflects personal values and leaves a meaningful legacy.

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Family Issues That Can Impact Wealth Planning

Most commonly family related issues include 

  1. Young children or young spouses who may lack financial independence or legal authority.
  2. Children with special needs who require lifelong care and financial management.
  3. Spendthrift beneficiaries or heirs who may mismanage wealth without guidance or oversight.
  4. Divorce of either personal or within the next generation which can threaten asset preservation.
  5. Second marriages and blended families, where inheritance intentions may become unclear.
  6. Non-traditional family structures, including unmarried partners or surrogate caregivers.
  7. Family disputes, especially when expectations, communication, or structures are lacking.
  8. Ill health or incapacity that leaves key decision-makers unable to act.
  9. A spouse who is not ready or equipped to manage wealth independently.