UBS Global Next Generation Report 2026: Top 3 Ways to Manage Wealth & Investments – Single-Family Office, Wealth Manager / Private Bank, Self-Manage, Top 5 Investment in Asset Classes – Single Stocks & Bonds, Passive Investment Funds, Real Estate, Active Investment Funds, Private Markets, Top 3 Triggers of Wealth Transfer – More Responsibility in Family Business, Major Life Events, Regulatory, Top 3 Initiators of Wealth Transfer – Current Generation 60%, Next Generation 13%, Family Officer 5%, Top 5 Most Important source of Advice for Succession Planning – Peers, Wealth Managers, Tax Advisors, Lawyer, Family Officer, Top 3 Interested Topics in Wealth Transfer – Peer Examples, Inheritance Law, Family Governance, Top 2 Ancillary Services to Select Financial Services provider – Networking Opportunities, Legal & Tax Consultation, Top 2 Factors Associated with Wealth Transfer – Responsibility Shift, Passing of Family Member, Top Starting Age to Take Care of Family Wealth – Young Adult 65%, 17%, Mature Adult 10%
21st May 2026 | Hong Kong
UBS has released the UBS Global Next Generation Report 2026, providing key insights on wealth transfer, managing wealth & investment of next generation. Top 3 Ways to Manage Wealth & Investments – Single-Family Office, Wealth Manager / Private Bank, Self-Manage. Top 5 Investment in Asset Classes – Single Stocks & Bonds, Passive Investment Funds, Real Estate, Active Investment Funds, Private Markets. Interested in Impact & Sustainable Investments for Male – 40%. Interested in Impact & Sustainable Investments for Female – 75%. Top 5 Most Pressing Social Challenges for your Generation – Technology & AI, Poverty & Inequality, Education, Climate Change, Healthcare. Top 3 Triggers of Wealth Transfer – More Responsibility in Family Business, Major Life Events, Regulatory. Top 3 Initiators of Wealth Transfer – Current Generation 60%, Next Generation 13%, Family Officer 5%. Key 3 Drivers of Wealth Transfer – Current Generation 43%, Next Generation 22%, Family Officer 6%. Top 5 Most Important source of Advice for Succession Planning – Peers, Wealth Managers, Tax Advisors, Lawyer, Family Officer. Wealth Manager selection preference in wealth transfer – Continue working same wealth manager my family uses 41%. Top 3 Qualities required of Wealth Manager / Private Banker – Experience & expertise, Close relationship with you &/or your parents, Deep understanding of needs & wants of the next generation. Top 3 Interested Topics in Wealth Transfer – Peer Examples, Inheritance Law, Family Governance. Top 2 Ancillary Services to select financial services provider – Networking Opportunities, Legal & Tax Consultation. Top 2 Factors Associated with Wealth Transfer – Responsibility Shift, Passing of Family Member. Top Current Wealth Transfer Journey – Ongoing 33%, Started Thinking 17%, Planning with Advisors 14%. Top Starting Age to take care of Family Wealth – Young Adult 65%, 17%, Mature Adult 10%. Ideal Age for parents to have conversation with children on Family Wealth – Young Adult 44%, Teenager 40%, Child 16%. Chosen Role in family wealth – Mixed between imposed & self-chosen 32%, Fully self-chosen 24%, Mostly self-chosen 21%. Family openness on wealth, ownership & succession plan – Good visibility & involved in discussions 38%. Top 3 Tension or conflict in family relating to wealth or succession – Communication breakdowns or avoid difficult topics 33%, Disagreements on lifestyle, spending or work ethics 27%, Different views on what is fair & equal 24%. Top 3 Ways for family to deal with tension for 2nd & 3rd Generation – Informally as they arise 55%, One final decision-maker 40%. Top 2 Ways for family to deal with tension – 4th Generation onwards – Informally as they arise 57%, Family governance processes 50%. See below for key findings & summary | View report here
“ UBS Global Next Generation Report 2026: Top 3 Ways to Manage Wealth & Investments – Single-Family Office, Wealth Manager / Private Bank, Self-Manage, Top 5 Investment in Asset Classes – Single Stocks & Bonds, Passive Investment Funds, Real Estate, Active Investment Funds, Private Markets, Top 3 Triggers of Wealth Transfer – More Responsibility in Family Business, Major Life Events, Regulatory, Top 3 Initiators of Wealth Transfer – Current Generation 60%, Next Generation 13%, Family Officer 5%, Top 5 Most Important source of Advice for Succession Planning – Peers, Wealth Managers, Tax Advisors, Lawyer, Family Officer, Top 3 Interested Topics in Wealth Transfer – Peer Examples, Inheritance Law, Family Governance, Top 2 Ancillary Services to Select Financial Services provider – Networking Opportunities, Legal & Tax Consultation, Top 2 Factors Associated with Wealth Transfer – Responsibility Shift, Passing of Family Member, Top Starting Age to Take Care of Family Wealth – Young Adult 65%, 17%, Mature Adult 10% “
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UBS Global Next Generation Report 2026: Top 3 Ways to Manage Wealth & Investments – Single-Family Office, Wealth Manager / Private Bank, Self-Manage, Top 5 Investment in Asset Classes – Single Stocks & Bonds, Passive Investment Funds, Real Estate, Active Investment Funds, Private Markets, Top 3 Triggers of Wealth Transfer – More Responsibility in Family Business, Major Life Events, Regulatory, Top 3 Initiators of Wealth Transfer – Current Generation 60%, Next Generation 13%, Family Officer 5%, Top 5 Most Important source of Advice for Succession Planning – Peers, Wealth Managers, Tax Advisors, Lawyer, Family Officer, Top 3 Interested Topics in Wealth Transfer – Peer Examples, Inheritance Law, Family Governance, Top 2 Ancillary Services to Select Financial Services provider – Networking Opportunities, Legal & Tax Consultation, Top 2 Factors Associated with Wealth Transfer – Responsibility Shift, Passing of Family Member, Top Starting Age to Take Care of Family Wealth – Young Adult 65%, 17%, Mature Adult 10%
UBS has released the UBS Global Next Generation Report 2026, providing key insights on wealth transfer, managing wealth & investment of next generation. See below for key findings & summary | View report here
UBS Global Next Generation Report 2026
Summary
- Top 3 Ways to Manage Wealth & Investments – Single-Family Office, Wealth Manager / Private Bank, Self-Manage
- Top 5 Investment in Asset Classes – Single Stocks & Bonds, Passive Investment Funds, Real Estate, Active Investment Funds, Private Markets
- Interested in Impact & Sustainable Investments for Male – 40%
- Interested in Impact & Sustainable Investments for Female – 75%
- Top 5 Most Pressing Social Challenges for your Generation – Technology & AI, Poverty & Inequality, Education, Climate Change, Healthcare
- Top 3 Triggers of Wealth Transfer – More Responsibility in Family Business, Major Life Events, Regulatory
- Top 3 Initiators of Wealth Transfer – Current Generation 60%, Next Generation 13%, Family Officer 5%
- Key 3 Drivers of Wealth Transfer – Current Generation 43%, Next Generation 22%, Family Officer 6%
- Top 5 Most Important source of Advice for Succession Planning – Peers, Wealth Managers, Tax Advisors, Lawyer, Family Officer
- Wealth Manager selection preference in wealth transfer – Continue working same wealth manager my family uses 41%
- Top 3 Qualities required of Wealth Manager / Private Banker – Experience & expertise, Close relationship with you &/or your parents, Deep understanding of needs & wants of the next generation
- Top 3 Interested Topics in Wealth Transfer – Peer Examples, Inheritance Law, Family Governance
- Top 2 Ancillary Services to select financial services provider – Networking Opportunities, Legal & Tax Consultation
- Top 2 Factors Associated with Wealth Transfer – Responsibility Shift, Passing of Family Member
- Top Current Wealth Transfer Journey – Ongoing 33%, Started Thinking 17%, Planning with Advisors 14%
- Top Starting Age to take care of Family Wealth – Young Adult 65%, 17%, Mature Adult 10%
- Ideal Age for parents to have conversation with children on Family Wealth – Young Adult 44%, Teenager 40%, Child 16%
- Chosen Role in family wealth – Mixed between imposed & self-chosen 32%, Fully self-chosen 24%, Mostly self-chosen 21%
- Family openness on wealth, ownership & succession plan – Good visibility & involved in discussions 38%
- Top 3 Tension or conflict in family relating to wealth or succession – Communication breakdowns or avoid difficult topics 33%, Disagreements on lifestyle, spending or work ethics 27%, Different views on what is fair & equal 24%
- Top 3 Ways for family to deal with tension for 2nd & 3rd Generation – Informally as they arise 55%, One final decision-maker 40%
- Top 2 Ways for family to deal with tension – 4th Generation onwards – Informally as they arise 57%, Family governance processes 50%
UBS Global Next Generation Report 2026
1) Managing Wealth & Investments
Top Ways to Manage Wealth & Investments:
- Single-Family Office – 37%
- Wealth Manager / Private Bank – 29%
- Self-Manage – 27%
- Multi-Family Office – 3%
- Prefer Not to Say – 5%
Managing Wealth by Single Family Office Generation:
- 2nd Generation – 29%
- 3rd Generation – 32%
- 4th Generation – 75%
- 5th Generation – 50%
Investment in Asset Classes:
- Single Stocks & Bonds – 79%
- Passive Investment Funds – 51%
- Real Estate – 46%
- Active Investment Funds – 25%
- Private Markets – 22%
- Direct Investments – 16%
- Cryptocurrencies – 11%
- Hedge Funds – 6%
- Do not invest / Prefer not to say – 5%
Interested in impact & sustainable investments – Male:
- Yes & invested – 7%
- Yes, and would like to learn more – 33%
- No – 8%
Interested in impact & sustainable investments – Female:
- Yes & invested – 30%
- Yes, and would like to learn more – 45%
- No – 25%
Most Pressing Social Challenges for your Generation:
- Technology & AI – 62%
- Poverty & Inequality – 49%
- Education – 41%
- Climate Change – 38%
- Healthcare – 32%
- Food Security & Hunger – 19%
- Water Scarcity & Sanitation – 16%
2) Wealth Transfer Drivers
Key Triggers of Wealth Transfer:
- More responsibility in family business – 35%
- Major life events – 22%
- Regulatory – 13%
- Family governance – 11%
- Health issues – 8%
- Major change in wealth – 8%
- Social / Peer pressure – 2%
Top Initiator of Wealth Transfer:
- Current generation – 60%
- Next generation – 13%
- Family officer – 5%
- Our lawyers – 2%
- Other – 2%
- Not started – 19%
Key Driver of Wealth Transfer:
- Current generation – 43%
- Next generation – 22%
- Family officer – 6%
- Other – 5%
- Not started – 24%
3) Wealth Transfer Advice & Services Selection
Most Important source of advice for succession planning:
- Peers – 27%
- Wealth Managers – 21%
- Tax Advisors – 16%
- Lawyer – 14%
- Family Officer – 13%
Wealth Manager selection preference in wealth transfer:
- Continue working same wealth manager my family uses – 41%
- Choose own wealth manager, regardless of the institution – 21%
- Different wealth manager within the same institution – 10%
- Not yet decided – 29%
Qualities required of Wealth Manager / Private Banker:
- Experience & expertise – 79%
- Close relationship with you &/or your parents – 56%
- Deep understanding of needs & wants of the next generation – 41%
- Cultural fit – 29%
- Frequency of engagement – 21%
- Commitment to next generation & early engagement – 21%
- Digital savviness – 5%
- Within my age bracket (+/- 5 years) – 3%
- I don’t know – 3%
Interested Topics in Wealth Transfer:
- Peer examples – 51%
- Inheritance law – 43%
- Family governance – 40%
- Responsibility transfer in family business – 29%
- Basics on investing – 24%
Top Ancillary Services to select financial services provider:
- Networking opportunities – 78%
- Legal & tax consultation – 56%
- Concierge service – 41%
- Education – 29%
- Relocation support – 14%
4) Next Generation Wealth Transfer Insights
Key Factors associated with Wealth Transfer
- Responsibility Shift – 41%
- Passing of Family Member – 38%
- Opportunity – 16%
- Conflict – 3%
- Other – 2%
Current Wealth Transfer Journey:
- Ongoing – 33%
- Started Thinking – 17%
- Planning with Advisors – 14%
- Confidential – 13%
- Planning with Family – 11%
- Completed Wealth Transfer – 5%
- Not Yet Started – 6%
Top Starting Age to take care of Family Wealth:
- Young Adult (Age 20 to 35) – 65%
- Teenager – 17%
- Mature Adult (Age 35 & above) – 10%
- Not Involved – 8%
Ideal Age for parents to have conversation with children on Family Wealth:
- Young Adult (Age 20 to 35) – 44%
- Teenager – 40%
- Child – 16%
Chosen Role in family wealth:
- Mixed between imposed & self-chosen – 32%
- Fully self-chosen – 24%
- Mostly self-chosen – 21%
- Mostly imposed – 11%
- Not sure how my family sees my role – 10%
- Fully imposed on me – 3%
Family openness on wealth, ownership & succession plan:
- Good visibility & involved in discussions – 38%
- Fully transparent, documented & review regularly together – 27%
- Partial visibility on assets / intentions but have big gaps – 19%
- Good visibility but not involved – 8%
- Only know there is wealth – 6%
- Have not discussed anything – 2%
5) Managing Conflicts / Tension in Family
Tension or conflict in family relating to wealth or succession:
- No noticeable conflict – 41%
- Communication breakdowns or avoid difficult topics – 33%
- Disagreements on lifestyle, spending or work ethics – 27%
- Different views on what is fair & equal – 24%
- Lack of clarity on roles (Leader, decision maker, works in the business / family office) – 16%
- Perceived favouritism (Gender, birth order, personality) – 10%
- Disagreements to involve spouses / partners – 6%
- Prefer not to say – 5%
- Conflicts triggered by external advisors or structures – 3%
Ways for family to deal with tension – 2nd & 3rd Generation:
- Informally as they arise – 55%
- One final decision-maker – 40%
- Do not address them constructively – 23%
- Family governance processes – 10%
- Ignore them as they usually pass – 10%
- Trusted advisor or mediator – 4%
Ways for family to deal with tension – 4th Generation onwards:
- Informally as they arise – 57%
- Family governance processes – 50%
- One final decision-maker – 13%
- Trusted advisor or mediator – 13%
UBS Global Next Generation Report 2026
This report combines quantitative and qualitative research methodologies to provide both breadth and depth of insight. It is based on two global surveys conducted among YIO members, complemented by a series of structured, in-depth interviews. The first survey was conducted in May 2025 and designed as a short, exploratory pulse assessment to gauge how openly the next generation engages with the topic of wealth and responsibility transfer. The survey yielded 112 responses. The second survey was conducted between December 2025 and January 2026. It served as a more focused follow-up, examining the topic in greater depth and generating more granular insights into attitudes, experiences and expectations related to succession and responsibility transfer. This survey resulted in 63 responses. In addition to the survey research, 10 deep-dive interviews were conducted with selected YIO members between 22 October and 29 December 2025. These semi-structured interviews explored personal experiences, emotional dimensions and decision-making processes underlying the quantitative findings. The qualitative component enabled contextualization of survey results and identification of recurring themes across participants.
Young Investors Organization (YIO) – The Young Investors Organization (YIO) is a global organization for the next generation of entrepreneurial and influential families. It provides a stimulating environment that promotes the bridging of mental, geographic, and cultural barriers to encourage lifelong learning and collaboration across borders to build genuine connection amongst its members. Founded in 2007, with over 2,000 members, YIO facilitates an open discourse about exceptional investment, business and social opportunities around the globe. Members’ collective intelligence, commitment and passion to achieve common goals creates a sense of family that helps members become better investors, successors and people. The belief in the power of long-term friendships and seeking to learn through involvement and action makes YIO a very personal experience, enriching the lives of its members, families and others.
Next Generation – The “next generation” is often referred to as an age group, but in practice it is better defined by position. In our work with next generation clients, we encounter individuals at very different life stages – some just beginning to engage with family wealth, others already leading businesses, investment structures, or governance bodies. What unites them is not their age, but their role: they are the inheriting generation, stepping into responsibility within their families. The next generation individuals we have surveyed for this report represent the full age spectrum from below 21 to above 45, with the majority being between 26 and 40 years of age. Geographically, they reflect the international footprint of global families. With 49%, Europe represents the largest share of respondents, followed by North America (19%), Latin America (16%), Asia-Pacific (11%) and Middle East and Africa (5%). Many lead internationally mobile lives – studying abroad, building careers in different countries, or exploring opportunities outside the family system. Yet for most, the center of gravity remains the family. Even when they venture out, many eventually return to take on responsibilities within the business, the family office, or the broader family structure.
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