Barriers to succession planning

The main challenges faced by the family and family office in preparing for a transfer of power to the next generation

Next generation currently too young

43%

Discomfort in discussing the matter

29%

Next generation unqualified to take over

28%

Next generation lacks interest in the family office

24%

Patriarch/matriarch unwilling to relinquish control

22%

Unclear direction/goals

21%

Family disputes

13%

Lack of supply of skilled professionals

Resistance to hiring non-family professionals

Do not know how to build a succession plan