Asian private banks are overlooking widows in the great wealth transfer, Janus Henderson says
The wealth management industry is ignoring the surviving wives who will inherit Asia's fortunes first, leaving these crucial decision-makers unprepared to manage family empires, the firm's Asia chief says.
As the first generation of Asian billionaires ages and leaves family fortunes to their surviving wives, traditional private banks are yet to adapt their service models to advise these crucial new female decision-makers, according to Janus Henderson Investors.
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