Families are demanding more from their partners around legacy and sustainability: Jersey Finance Private Wealth Conference 2023

21 November 2023
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The rapidly evolving geopolitical and regulatory landscape is prompting families to call increasingly on outsourced experts for specialist support around legacy and succession planning, risk management and sustainability, according to speakers at this year’s Jersey Finance Private Wealth Conference.

Held recently, the event (‘Strategies for a World in Transition’) of which Crestbridge Family Office Services was a sponsor, was attended by Heather Tibbo, CEO, Daniel Channing, Director and John Harris, Chair.

Across the keynote speakers and panel sessions, key issues highlighted at the event included:

  • The importance of working with partners and advisers to pre-empt imminent global risks, including AI, market instability, political and social volatility and climate change
  • The growing appetite to integrate legacy planning and sustainability into wealth strategies
  • Legacy for families is as much about the transfer of values as it is about the transfer of wealth
  • The appeal of stable jurisdictions is set to grow even further in a world that is increasingly volatile

Commenting on the event, Heather Tibbo said:

“The clear message was that political, regulatory and legislative change is prompting families to call on the expertise of their advisers and partners more and more as they try to navigate an unknown future. Being on the front foot is really important, and we’re absolutely seeing that play out amongst forward-thinking families who are focused on robust, innovative planning and want to ensure an impactful legacy.”

Daniel Channing added:

“Families are alive to the risks the current environment presents – what these families do however recognise is that a common purpose and shared values can provide a stable core around which they can find stability. To truly harness and implement the benefit of that purpose and value families recognise the need for specialist advice and sophisticated governance. These families are in a world that provides significant challenges, but that also offers up much opportunity too. With the support of external experts and with a solid foundation and structuring options through jurisdictions like Jersey, families are being positive in their outlook, setting themselves up well for future wealth transfer and investment.”