More than a quarter (27%) of next-gens said they began to receive informal education about managing wealth from their family or family office by their 18th birthday, with nearly half of those lessons beginning before next-gens were just 12 years old.
Corient’s client list includes wealthy families, business owners, public company executives, private foundations and professional athletes.
As winter approaches, the news looks glum. Yet we should take heart from our ability to adapt, argues chief investment officer Julian Chillingworth.
The business could be valued at about $1 billion, one of the sources said, adding that interested parties have recently been contacted as the sale is about to kick off.