Asia’s Rich Fear Losing the Family Fortune A Lombard Odier survey indicates that while most wealthy Asian families aim to preserve their fortunes across generations, a significant portion lacks basic succession plans. This gap is concerning as a large intergenerational wealth transfer is approaching, with some regions like Japan, the Philippines, Malaysia, and Hong Kong showing particularly weak preparedness. Weak governance, limited communication, and cultural sensitivities contribute to families being unprepared for unexpected events, potentially leading to wealth loss.

• 64.2% of wealthy Asian families prioritize preserving wealth across generations.
• Only 26.9% have a full succession plan; 39.4% have none.
• This ‘intention-implementation gap’ poses risks, especially with looming generational wealth transfers.
• Japan, the Philippines, Malaysia, and Hong Kong show weak succession preparedness.
• Lack of communication and involving younger generations in governance are major hurdles.
• Cultural sensitivities and a lack of urgency delay succession discussions.