News Why generational planning is so important

Why generational planning is so important


For the benefit of clients and the future of the business, Private Banks do well to serve not only the main account holder but also the extended family. Bank accounts are set up for the next generation, usually on preferential terms, to encourage take up and to ensure that the bank has the opportunity of looking after the client’s family and their wealth for generations to come.

Generational Planning can be straight forward explains Simon Tuck, Head of Wealth Planning at Weatherbys Private Bank, in this month’s The Resident magazine.

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