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Banking for new blood: How are private banks adapting to secure next generation wealth?

With an estimated US$41 trillion expected to be passed down from the current generation of private banking clients to their children over the next 50 years, private banks will soon find themselves at a critical juncture. If they fail to successfully transition from one generation of client to the next, they risk losing millions in future business. Opinion-based research consistently suggests that many clients are likely to…

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