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Over the coming decades, about a thousand billionaires will pass on an estimated $5.2 trillion and the inheritors have their own plans for those assets.
Investors are sensing a regime shift in the market but capturing it will take careful planning.
After years of cutting back on bonds, family offices plan to increase their allocations to fixed income over the next five years, according to UBS.
MARKET WRAPS Stocks: European stocks extended their losses on Wednesday, with with luxury goods, property stocks and oil majors among the biggest fallers, after data signaling a slowing Chinese economy sparked risk-off trading across global mar... | 05:39am