Wealth Management

Asset manager Ninety One has launched a family office for clients who need inter-generational wealth management. Global trends suggest that trillions of dollars will be transferred to the next generation over the next few decades. This transfer of wealth is also true in South Africa: 50% of clients on the Ninety One Investment Platform are older than 60, but hold 70% of the assets, and 33% of clients are over the age of 70. Daryll Welsh, head of product at Ninety One Investment Platform, says there are risks that accompany an inter-generational transfer of wealth. He says Ninety One Investment Platform’s family office aims to address and mitigate these risks.