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New research published by Netwealth reveals the risk of family financial friction as half of parents do not intend to split their wealth equally between children.
A report from [Netwealth] the wealth manager revealed that only around half (53%) of parents are planning to split their wealth equally among their children.
Half of parents today do not intend to split their assets equally between their children, polling from advice firm Netwealth found.
Charlotte Ransom, CEO of Netwealth, commented {on Netwealth's recent research]: "By breaking down the taboo of speaking about money, parents can provide helpful clarity for the future and enable everyone to make more informed financial decisions, both as individuals and as a family."
The poll, by Censuswide for Netwealth, a wealth manager,...warns that the “communications gap” between the generations grows over time, “with young adults lacking clarity around their parents’ plans for their wealth when they die...”.
If ever there was the need for another game-changing moment for the economy, it is now..., the opportunity exists for the prime minister and chancellor to unveil a vision that addresses the key economic problem: the need for stronger, balanced growth.
...research by Netwealth earlier this year said while the pandemic has made people more engaged with their personal finances, only one in seven relied more on financial advice highlighting a more independent approach to finances.
(Michael) Spencer said that he backed people with potential as much as the businesses they run...including Charlotte Ransom, who founded wealth manager Netwealth in 2015. “She’s very smart and has patience, thoughtfulness, focus and tenacity, which I respect immensely,” he said.
