Innovation
NextGen (Next Generation)
The children and grandchildren of the family office’s founders.
What is Next Generation (NextGen) in Family Offices
Next Generation (NextGen) refers to the children and grandchildren of the founders of a family office. These individuals are often groomed to take on leadership roles within the family office, ensuring the continuity of family values, wealth management, and legacy planning. They play a crucial role in adapting the family office’s strategies to align with modern trends and values.
Related Terms
Digital Assets
Assets in digital form, including cryptocurrencies and digital tokens, requiring specialized management and security.
ViewFamily Office (FO)
An entity that provides comprehensive services to ultra-high-net-worth individuals and families for managing their wealt...
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Investments made with the intention to generate positive, measurable social and environmental impact alongside a financi...
ViewNext-Gen Engagement
Involving the younger generation in wealth management and decision-making processes to prepare them for future responsib...
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