Only 3.5% of Asia Family Firms Are Sale-Ready as Wealth Transfer Strains Unity
Updated
Updated · The Straits Times · Oct 20
Only 3.5% of Asia Family Firms Are Sale-Ready as Wealth Transfer Strains Unity
3 articles · Updated · The Straits Times · Oct 20
Summary
Just 3.5% of advisers said most Asia-based business-owning families are fully ready for a sale or transfer, according to Julius Baer’s latest Family Barometer.
Differing valuation expectations were the most-cited source of family misalignment, followed by disputes over the business’s future, emotional attachment, legacy concerns and timing.
Only 8.4% of respondents said the next generation has an equal say in post-exit planning in Asia, the lowest level of active involvement among regions surveyed.
More than 75% of advisers said wealthy Asian families prefer a single family office after an exit, often pairing professional wealth preservation with separate capital for new ventures.
The survey of more than 700 advisers also found 80% globally see lack of family alignment as a barrier to a sale or transfer, underscoring succession planning as a top priority.