"Europe is entering a period of historic wealth transition. Over the coming years, trillions of euros are expected to change hands, reshaping control, decision making, and governance within family offices by 2030. Yet many families remain underprepared. Globally, only just over half of family offices have a formal succession plan in place, leaving a meaningful portion exposed when leadership and ownership shift."
"Succession planning is one of the clearest areas where family offices often fall short, despite many anticipating a transition within the next decade. European focused research consistently highlights governance and succession as key risk areas. In practice, planning is frequently delayed or deprioritised until circumstances force action. At the same time, wealth transfer at the very top is accelerating. In 2025 alone, a record number of new billionaires emerged through inheritance, underscoring the scale and speed of the transition now underway."
Europe will experience a historic wealth transition as trillions of euros transfer ownership by 2030, reshaping control, decision-making, and governance in family offices. Many family offices lack formal succession plans, with just over half globally having documented arrangements, leaving significant exposure when leadership and ownership shift. Succession and governance are persistent risk areas, often delayed until forced action, even as inheritance-driven wealth transfer accelerates. Professionalisation across family offices is increasing, with clearer structures, defined responsibilities, and choices about in-house versus outsourced management. Practical priorities include linking family governance to investment governance, translating intent into documented mandates, and planning for friction during transitions.
Read at London Business News | Londonlovesbusiness.com
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