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FEATURED ARTICLE
Wealth migration is accelerating. Here’s where the rich are moving.
Jurisdictions around the world are competing to capitalize on the growth of family offices as players in the evolving global financial landscape, offering rich incentives to attract UHNW investors and families. Meanwhile, wealthy families are increasingly chasing favourable tax regimes, residency-by-investment programs, and sanctuaries from future political policy changes as they search for new places to live or have a second home. Which countries are poised to be the winners?
This week's addition to our summer special report on wealth tries to answer that question. Surveying expert rankings of global wealth destinations, writer Kathy Kerr identifies 10 countries that have successfully positioned themselves as prime destinations for UHNW migrants. The story also gives a useful run-down of why these countries have become wealth magnets—from tax policies and citizen-by-investment schemes to friendly weather, political stability and (in at least one case) sheer remoteness—and reveals where Canada stands (or doesn't) in the race to attract the ultra-weathy.
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MEMBER CONTENT
The long goodbye: Thane Stenner on why the hardest part of succession is letting go—and how the right advisor helps founders do it
It is the long goodbye that quietly imperils a family business: the aging patriarch or matriarch who has built something remarkable—and simply cannot let it go. Yet it’s a scenario that plays out in roughly half of business succession cases, according to Thane Stenner, founder of Stenner Wealth Partners+ at CG Wealth Management and Chairman Emeritus of Tiger 21 Canada, an ultra-high-net-worth investor peer network.
In nearly half of family-business transitions, the founder simply can’t step away. Stenner’s answer: bring in an independent facilitator. "I’ve facilitated many family meetings and lately I am bringing in a third-party consulting or advisory group," he says, "because I want the potential transition to go even better than I could facilitate.
This article is brought to you by Stenner Wealth Partners+.
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