Harveer Mata

Nov 22, 2024 | pwmnet.com | Ali Al-Enazi |Elisa Trovato |Harveer Mata |Ali Alenazi

The Indian diaspora have become the main Asian group to embrace the family office concept over the past two years. The family office world is emerging as a major force in the global economy, with the Indian diaspora spearheading growth, according to Singapore-based DBS, one of Asia’s leading wealth managers. Since 2018, the number of family offices in India has surged from 45 to 300, reflecting rapid expansion of wealth among Indian high net worth families.

Nov 20, 2024 | pwmnet.com | Elisa Trovato |Ali Al-Enazi |Harveer Mata |Yuri Bender

Engaging younger family members through tailored programmes is becoming increasingly important for leading wealth management firms. With $83tn in wealth set to change hands over the next 20–25 years, engaging the next generation is becoming critical for private banks and wealth managers. Yet most inheritors switch advisers after receiving their inheritance, posing a significant challenge for the industry.

Nov 18, 2024 | pwmnet.com | Elisa Trovato |Ali Al-Enazi |Harveer Mata

Succession planning in wealth management is critical but often fraught with challenges, particularly those stemming from complex family dynamics. Passing wealth to future generations is a top priority for many families, yet the process often leads to financial, emotional, and legal challenges. Research by wealth consultancy The Williams Group, which examined more than 3,200 families across 20 years, found that 70 per cent of wealth is lost by the second generation, and 90 per cent by the third.

Nov 13, 2024 | investment-international.com | Harveer Mata |Mark Battersby

Over the past 20 years, advances in technology and communications have created an interconnected world. This progress, combined with shifting societal trends has made it easier for investors to access opportunities across the globe, fundamentally changing investment behaviours, says Harveer Mata, senior investment manager at Sarasin & Partners. At the same time, responsible investment and philanthropy have developed a wider appeal.

Oct 31, 2024 | pwmnet.com | Ali Al-Enazi |Harveer Mata |Yuri Bender |Ali Alenazi

Some commentators believe the changing of nom-dom rules could lead to an exodus of affluent families from the UK. The Labour government’s much anticipated first Budget has ruffled a few feathers, with concerns looming over the UK ecosystem as a successful hub for entrepreneurs and their families, according to experts. The main change for these highly mobile global families has been the much-anticipated scraping of the ‘non-dom’ tax status, replaced with a new residence-based regime.