Citi Private Bank

The five challenges of wealth inheritors

October 8, 2021

Children of wealth must overcome five key challenges to generate a sense of life purpose and a positive and facilitative emotional connection to their money.

Children of wealth must overcome five key challenges to generate a sense of life purpose and a positive and facilitative emotional connection to their money.

Each challenge describes an important aspect of the psychological relationship to the saving, spending, and sharing of wealth. To develop a positive wealth identity, children must resolve conflicts and overcome their vulnerabilities in each area.

Challenge 1: Financial awareness

Passing the Vanderbilt test: How to preserve your family wealth

June 24, 2019

Most families fight a losing battle to sustain wealth past their third generation. Alison Ebbage asks four experts what families can do to avoid becoming another statistic

The Gilded Age was a defining period of massive economic growth in the United States during the late 19th century. It fuelled a period of extraordinary wealth generation for some of the young nation’s wealthiest families, a period that was tinged with the darker shadow of inequality.

Family property investors feel Brexit chill

February 23, 2018

Family offices taking advantage of a weak sterling by loading up on poorly performing London real estate are likely to become more wary of investing in the UK as Brexit draws closer, advisers say.

Global family offices taking advantage of a weak sterling by loading up on poorly performing London real estate are likely to become more wary of investing in the UK as Brexit draws closer, advisers say.

Meanwhile, UK-based family offices are asking a lot of questions ahead of the 29 March, 2019 deadline, but most were yet to take action.

“London is still a magnet,” Philip Watson, Citi Private Bank’s global head of investment lab for EMEA, said this week.