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Stewardship & Purpose

Conversations with the world’s wealthiest families

Valued relationships have offered deep insights into the aspirations and concerns of our clients.

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We discussed wealth with the world’s wealthiest.
Our findings in their words.

In conversations with nearly 80 family principals across the globe, with assets across 18 different industries, we gathered knowledge surrounding their approaches to the crucial areas of Family Governance, Values-Driven Impact Strategies and Investments.1

Between December 2021 and July 2022

77
principals
were interviewed

Number of Interviews Conducted by
region

40
North America

14
Latin America

12
Asia Pacific

11
Europe, Middle East and Africa

$374B

sum of net worth

$4.86B

average net worth

 

58% of families interviewed schedule regular family-wide assemblies.

Family Governance

“Having financial wealth with no family or community is not success.”

Consider meeting with your family and any important stakeholders to help define your family’s values, goals and priorities, and ensure you have a suitable framework in place to pursue those goals for generations.


74% of principals say their top motivator for giving is making an impact locally or globally.

Values-Driven Impact Strategies

“When you can, where you can, how you can, you should give back.”

Receiving help from advisors and other experts can be crucial as you build a strategic plan for your philanthropy.


43% of principals say they prefer an active role in their direct investments.

Investments

“It’s about professionalizing the investment approach.”

Because the world of investments is so broad and people can think about it so differently, you should consider having a specialized plan that experts can help create and implement.

 

“Money has a very poor history of building strong families.”

The lessons, real-life examples and honesty of the principals interviewed provide a tremendous amount of detail on a wide array of topics and concerns facing these families. The main overarching theme from these collective insights is the importance they place on being good stewards of wealth and, even more significantly, building a connected family.

For further information on any of the these themes, please contact your J.P. Morgan team, and download the full report.

 

1Source: J.P. Morgan Private Bank. Data as of November 2022.

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