UBS cautions UHNW families about “third generation trap”

7 July 2011 | 3 minutes read

Much has been written about the infamous “third generation trap” where heirs from a later generation preside over the decline of a once-thriving family business. Preserving family wealth over generations is a concern, yet not common practice according to the UBS Family Advisory Study which surveyed in excess of 120 ultra high net worth families in one of the largest…

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