Global mobility and evolving family dynamics are reshaping wealth management for high-net-worth families in Africa.
Jersey Finance brought together private wealth professionals in South Africa for a roundtable focussed on the evolving landscape of wealth management for high-net-worth (HNW) families in the region.
Hosted by Dr Rufaro Nyakatawa, Director – Africa, at Jersey Finance, the event explored how global mobility, changing family dynamics, regulatory developments and new asset classes are reshaping the wealth planning landscape for international families.
The discussion highlighted that while perspectives vary across jurisdictions and disciplines, as wealth becomes more international, HNW families are navigating greater complexities, reinforcing the importance of robust governance, experienced advisers and the use of well-regulated international finance centres (IFCs).
Several key trends that participants are seeing across the South African private wealth landscape were explored:
