BofA survey: 37% of incoming U.S. family office principals said they were very prepared
A quarter of 355 U.S. family offices surveyed had a leadership transition in the last decade.
At a glance
A quarter of the 355 U.S. family offices in BofA's survey have had a leadership transition in the last decade.
Only 37% of incoming principals said they were very prepared when the transition occurred.
The survey covers U.S. family offices, not the broader high-net-worth population, so the 37% is not a general wealth-transfer statistic.
A quarter of the 355 U.S. family offices in BofA's survey have had a leadership transition in the last decade.
Only 37% of incoming principals said they were very prepared when the transition occurred.
The survey covers U.S. family offices, not the broader high-net-worth population, so the 37% is not a general wealth-transfer statistic.
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The Advisor's Note