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Sustaining Family Wealth

Research suggests that the odds of sustaining wealth across generations are as low as 30%. Surprising to some, poor investment performance is a fraction of the reason wealth transfers fail. In fact, 85% of the failures are contributed to poor family communication, lack of trust and unpreparedness of heirs.

GenSpring has extensive capabilities around combatting the issues that most commonly lead to failure in transitioning wealth.

*Source: Preparing Heirs, Roy Williams and Vic Pressier, 2003. A wealth transfer failure is defined as “the involuntary removal of assets from the control of the beneficiary.”