Wealthy Families Delay Succession Plans as Founders Refuse to Let Go
Source: Fintech Singapore
Published on: 2026-11-02 05:17
The DBS report highlights gaps in ownership structures, business continuity planning and AI adoption among family offices. Wealthy families are putting off succession planning as founders struggle to give up control, a DBS report has found. The DBS Asian Family Office Almanac 2026, released on 30 October, found that 33% of respondents cited founders' reluctance to relinquish control as a reason for delaying wealth transfers. Nearly eight in 10 families (79%) want their wealth to last at least two generations, yet 43% have not involved the next generation in planning. Just 1% have the next generation leading the planning and implementation process. Only 4% expect a significant wealth transfer within the next three years, while 29% believe it will take more than seven years. Another 15% expect transfers to happen only after an event such as the founder's death or a crisis. The report...
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