LAFO

Across Luxembourg, family offices are preparing for change as younger generations begin to take more control. With new priorities like sustainability, digital tools and impact investing, wealth managers are adjusting how they support family clients.

Family wealth managers are more and more challenged by demands placed on them by digitalisation, increasingly stringent regulations and complex cross-border taxation requirements. It’s an environment that encourages some wealthy families to join forces with others and enter their investments into a Multi-Family Office business, moving away from the traditional single-family office. “It’s the correct answer to the market.”