The UBS ‘Global Next Generation Report’

The global wealth transfer represents a seismic shift, with over US$80 trillion in private assets changing hands over the next two to three decades. This transition functions as a complex, multi-stage process that begins with the transfer of responsibility rather than the immediate movement of assets. Anastasia Deryagina, Head of Global Next Generation Solutions at UBS, notes that next-generation heirs are increasingly tech-savvy and globally connected, often seeking earlier involvement in family financial strategies. These successors prioritize investments that deliver both financial returns and positive social or environmental impact. Successful wealth transitions hinge on transparent communication, as nearly one-third of next-gen heirs identify communication breakdowns as a primary source of family tension. By fostering early engagement and peer exchange, families can better align their legacy with the evolving ambitions and values of the next generation.