Communication
Next-Gen Engagement
Involving the younger generation in wealth management and decision-making processes to prepare them for future responsibilities.
What is Next-Gen Engagement in Family Offices
Next-Gen Engagement refers to the active involvement of the younger generation in the wealth management and decision-making processes within family offices. This approach aims to prepare them for future responsibilities by equipping them with the necessary skills and knowledge to manage family wealth effectively.
Benefits of Next-Gen Engagement
Engaging the next generation offers several benefits, including ensuring continuity in family wealth management, fostering innovation through fresh perspectives, and strengthening family bonds by aligning values and goals across generations.
Related Terms
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ViewFamily Office (FO)
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Investments made with the intention to generate positive, measurable social and environmental impact alongside a financi...
ViewNextGen (Next Generation)
The children and grandchildren of the family office’s founders.
ViewNext-Gen Engagement
Involving the younger generation in wealth management and decision-making processes to prepare them for future responsib...
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