Morgan Stanley Identifies 6 Key Focus Areas for the Future-Ready Family Office
Morgan Stanley (MS)
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Source: Business Wire
Morgan Stanley reports on the rising need for flexible structures in family officesOffices adapting to address need to uphold values, safeguard legacies, educate heirs, and maximize tech amid complex markets NEW YORK--(BUSINESS WIRE)--Morgan Stanley Wealth Management today released a comprehensive report identifying essential focus areas and recommended steps for family offices to target growth more effectively.With the number of family offices projected to expand 75% by 2030,1 trends indicate growing urgency and demand for adaptable structures that help families express values, protect legacies, educate the next generation and leverage technology to navigate cybersecurity challenges and change amid complex markets. Additionally, offices are now facing a faster pace of intergenerational wealth transfers, underscoring the need to remain relevant for future generations.To that end, the report identifies six essential pillars family offices will need to embrace to keep pace. Key takea
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