Latest news with #GreatWealthTransfer
Finextra
14-07-2025
- Business
- Finextra
The Compliance Burden of the Great Wealth Transfer: Why Financial Institutions Must Prepare Now: By Srbuhi Avetisyan
The financial industry is bracing for the 'Great Wealth Transfer'—an unprecedented $84 trillion in assets expected to pass from Baby Boomers to their Gen X, Millennial, and Gen Z heirs over the next two decades. But this transfer isn't just bigger, it's fundamentally different. According to Penguin Analytics, a global study of 13,500 capital owners and heirs, this generation of inheritance is more fragmented, less documented, and globally entangled than anything the financial sector has faced before. Unlike prior transitions where legal preparation and institutional trust were the norm, today's wealth is scattered across jurisdictions, stored in spreadsheets, and tied to asset classes that demand structured data, not paper-based will This shift demands a fundamentally new approach from institutions and professionals, particularly wealth managers, compliance officers, and fintech architects. The regulatory burden no longer begins when the assets arrive—it starts with how families document, disclose, and digitize their wealth long before a transfer occurs. Encouragingly, many institutions have begun modernizing their frameworks, recognizing the need for structured digital asset records, cross-border KYC compliance, and event-triggered inheritance logic. Yet the core challenge persists: most families remain underprepared. According to the same analytics: Only 6% of families have a formal inheritance strategy 92% of founders undervalue the importance of Source of Wealth documentation (SoWE) 97.3% still use non-secure or manual record-keeping methods, leaving their estates fragmented and difficult to verify As a result, institutions are inheriting not just assets, but also the compliance and operational chaos that comes with them. Notably, families with a net worth between $3 million and $99 million account for 74.6% of all capital-loss incidents, making them the most exposed demographic in this transition. From Relationship Management to Record Accountability Today, intergenerational wealth transfer is more than just the identification of the heir and their relationship with the owner. The regulators' narrative and goal is not only to confirm the client identity but also to trace asset origin. For instance, in global fixed-income markets, FINRA's TRACE framework now mandates near real-time reporting, not just of transactions, but of underlying asset origin and context to enhance market transparency. Institutions are now being asked, 'Do you know where this came from, and can you prove it?' and SoWE (Source of Wealth Essay), structured asset logs, and multijurisdictional record-keeping are becoming compliance essentials, not luxuries. In anti-money laundering (AML) and customer due diligence regimes, Source-of-Wealth (SoW) traceability is now a discrete requirement. Banks and asset managers are expected not only to know who the client is, but also where their capital actually came from, and to provide auditable proof. Beyond Wills: The Infrastructure Gap The information asymmetry is at the heart of the wealth transfer. It's important to note that the information asymmetry between the heirs and founders isn't a legal challenge, but rather an infrastructure and coordination failure. Despite new regulations confirming that spreadsheets, dusty paper documents in drawers, and local wills are way too outdated, the traditional method of information transfer still remains as the leading one. Without structured digital histories, wealth transfer becomes a liability (for banks, wealth platforms, and insurers). The legal mechanisms are powerless if the wealth transfer plan is crippled by fragmented, unstructured, and non-tracable data. Case studies support the critical failure of information transfer between high-net-worth individuals and their family members as well. In a recent real-world review from the Penguin Analytics case data, a UHNW family held over 40% of their assets across four jurisdictions. The family maintained records across multiple mediums—some in PDF form, others in lawyer's notes, some never digitized at all. When the primary founder became incapacitated unexpectedly, neither the bank nor the family office could retrieve more than 60% of the asset documentation in a verifiable form within the first 3 months. The issue wasn't access. It was invisibility: siloed records, undocumented ownership structures, uncoordinated custody channels. What Financial Institutions Should Monitor Next The intergenerational wealth shift is not only a behavioral phenomenon—it is a compliance and infrastructure tipping point. Financial institutions must prepare for four key developments: Rising Demand for Digital-Native Estate Planning Integrations Trend: Wealth platforms and private banks are increasingly expected to integrate estate-planning functions—digitally, securely, and cross-jurisdictionally. Example: In late 2023, several European wealth managers began piloting 'estate data rooms'—digital repositories where clients could pre-authorize document access based on event triggers like death, incapacity, or age thresholds. This is not legal advice automation—it's digital continuity design. The available insights further strengthen the accuracy of this solution to get viral: 71.4% of founders say they would entrust inheritance execution to a third party, but only if human discretion is removed and digital execution frameworks are in place. Only 5% currently have such digital infrastructure in place. Emergence of RegTech Layers for Inheritance & Ownership Change Trend: RegTech is moving beyond onboarding and transaction monitoring—new tools are being built to track inheritance events, monitor ultimate beneficial ownership changes, and verify Source of Wealth at the point of transfer. Example: In Singapore and Switzerland, family offices are now required to register and periodically update beneficial ownership structures, especially when ownership changes occur due to inheritance. This demands continuous record-keeping, not just one-time declarations. Supporting insights confirm that: More than 50% of heirs inherit assets they don't fully understand—structure, tax implications, or even existence. This creates operational risk for institutions if ownership change isn't properly logged and reported. Regulatory Movement Around Digital SoWE Requirements Trend: Jurisdictions like the UK, UAE, and Luxembourg are tightening requirements for documenting the origin of funds, especially in cases involving high-risk nationalities, PEPs, or wealth migration. Example: The FCA (UK) and DIFC (Dubai) have issued guidance requiring not only proof of identity but also narrative-based Source of Wealth documentation, especially in private banking and cross-border onboarding cases. Supporting analytics: 77.6% of heirs report degraded trust from legal professionals post-transfer, raising the need for pre-structured, regulator-ready SoWE narratives Shift from 'Financial Advice' to Post-Inheritance Traceability Obligations Trend: In a post-inheritance environment, banks and wealth firms are being asked to prove the path of funds, not just provide advice. Example: Several EU-based private banks are now including post-mortem compliance audits in their internal governance to ensure that beneficiaries are traceable, that asset allocations reflect documentation, and that no black-box trusts or donor misrepresentations are involved. Analytics insight: Only 6% of families have a clearly defined wealth transfer strategy This leaves financial institutions open to reputational risk and legal exposure when the burden shifts to them In summary, wealth transfer is no longer a private family milestone—it is a regulatory and infrastructure event. Financial institutions must prove provenance, document logic, and ensure permissioned flows of capital across generations. Firms that act early to support structured, secure, and traceable inheritance pathways will be better positioned for what comes next.
Spectator
25-06-2025
- Business
- Spectator
Millennials don't want brown furniture
For me, it was the sideboard that did it. Originally the centrepiece of my grandmother's dining room, upon her death it was passed on to my mother, who kept it grudgingly in her cottage even though you couldn't get to the kitchen without banging your hip against its bow front. At some stage it was passed on to my sister, who paid a considerable sum to store it because she had no room for it in her terraced house. Some years later, I was informed that I must house this precious mahogany albatross myself. After some handwringing and sadness, lack of space forced me to pass it on to someone in my village. She took one look and promptly vowed to 'do an upcycle'. Such is the sorry fate of brown furniture. It is unwanted by millennials, who will likely inherit it anyway when their boomer parents inevitably downsize, to allow their offspring to scramble on to a much lower rung on the property ladder. Brown furniture strikes me as a peculiarly apt metaphor for the cumbersome, unwieldy process of the Great Wealth Transfer more broadly. It may sound like a heist, but the Great Wealth Transfer is the anticipated handing down of approximately £5.5 trillion from the boomers to millennials, what journalists and financial analysts like to call (with no apparent irony) the 'largest flow of generational capital ever seen in the history of humanity'. Maybe we should simply call it The Generation Game and get Bruce Forsyth back from the grave to officiate. Because like all game shows, there will be winners and losers. Just don't expect a conveyer belt and a teddy bear. But first, a word for the boomers. Britain's baby boomers – the 13.5 million people, aged between about 60 and 80, who were born between 1946 and 1964 – grew up in a world of staggering growth. As they worked, they were able to pay into pensions and buy shares. Overwhelmingly, they bought houses, and these houses have become a lot more valuable: a flat bought in Notting 'Grotting' Hill in the 1970s for £6,000 is now worth well over £1 million. Half have more than £500,000 in assets and roughly a quarter have more than £1 million. This has helped make the boomers comfortably the richest generation there has ever been – and quite possibly the most reviled. As a geriatric millennial born in 1983, waiting for the wealth to trickle down into my hands, I can't wait. Except I don't seem to be in line for any wealth as such, but a whole auctioneer's catalogue of brown furniture given to me as property has changed hands from my grandmother's so-called silent generation to my boomer mother, who now doesn't want it (and has even been known to Farrow & Ball it). If I do inherit any property, it probably won't be until I am well into my sixties, when my children have completed their (hopefully) private education. As I really don't want my mother to croak it any time soon, I am at peace with this situation. Through no meritocratic slaving of my own, I have managed to get on to the property ladder via my husband. The Bank of Mum and Dad regrettably never opened its ATM for me, as it did for so many of my peers, but hey-ho. What has trickled down to me thus far in the greatest asset swap of all time can be listed as follows: a Davenport desk, a couple of Pembroke tables, a side cabinet, a linen press, two gilt mirrors, a wig stand and a great deal of bone china, designed for the kind of entertaining that hasn't taken place since the 1940s. Brown furniture, then, is my lot. But brown furniture, as auctioneers are at pains to tell me, is worth nothing – it is the abject symbol of generational misalignment that will come to characterise the slow death march of the boomers and expose the Great Wealth Transfer once and for all. Blame Tony Blair – 'forward not back'. But why? Shouldn't it be worth something? I spoke to Thomas Jenner-Fust, director of Chorley's in the Cotswolds, to confirm just how shafted I am. Jenner-Fust blames 'generational dissonance' for having driven the value of brown furniture down: 'Boomers came from a world where people still sat around a table to eat food, took afternoon tea (no ghastly mugs), sat at a desk to write letters with an actual pen and displayed their trinkets and treasures in display cabinets.' In contrast, he says, millennials lead different lives in knocked-through kitchens where mahogany furniture looks out of place, and built-in cabinets throughout the house have done away with the need for hulking great bow-fronted chests of drawers. And of course many millennials don't have a home at all to fill with brown furniture, even if they wanted to. Some boomers, I quickly learn, are resigned to the fact that the sale of brown furniture isn't going to 'fund any skiing holidays'; 'luckily for them, over the same period [35 years] their Old Rectories have gone up by millions so they can take a hit on the Pembroke tables'. Others, upon discovering that their corner cupboard is worth only £30, are not so sanguine. 'I have often felt that I am about to be chased out of the house with a rolling pin. I'm seen as a sort of swindler,' confesses Jenner-Fust, letting slip that when an auctioneer acquaintance sells a piece of brown furniture for a pittance, he often remarks 'at that price I hope the legs fall off'. Which of course, unlike their Ikea counterparts, they won't. Brown furniture, like a boomer's incredible life expectancy, is sturdy and built to last. Eliza Filby, historian of generations and author of Inheritocracy,published last year, sees the glut of brown furniture as evidence of the fact that 'boomers are the consumer generation that have bought a lot of shit'. By contrast, millennials and Gen Z are the experience generations, all holidays and Instagrammable 'memory-making'. Brown furniture, Filby says, is a motif not just for different ways of living but, crucially, for different economic standards of living, standards that were far more elevated than we victimised millennials could dare to imagine. 'There's a reason why millennials embraced the pared-down mid-century aesthetic,' she notes. It is born out of economic and social dire straits rather than simply solipsism. Minimalism arose then because there was simply less space: no dining rooms, less wall space for gilt mirrors and linen presses – just less. What, then, is the answer to this generation game of discontent? James Mabey, partner at law firm Winckworth Sherwood, tells me that, as with most things, tech may be the answer. Technology that can predict life expectancy may be 'a very powerful tool in estate planning in choosing how much to give away and when, and how much we are each likely to need to keep back'. The short-term risk, though, is that millennial inheritance gets drunk through a straw by boomers on their so-called 'revenge holidays'. I conclude, in the words of the late, great Bruce Forsyth, that I must 'play my cards right'. Just no more sideboards, please: I flogged the dinner service ages ago.
Yahoo
25-06-2025
- Business
- Yahoo
An $84 trillion wealth shift is underway, and you may soon inherit a piece of it. Here's what to expect
The biggest wave of wealth in history is set to pass from baby boomers over the next 20 years, and it's going to have a huge impact on those who stand to inherit it. It's called The Great Wealth Transfer — when an estimated $84 trillion is poised to move from older Americans to Gen Xers and millennials. If it's managed smartly, younger Americans will be able to grow their wealth and ensure their financial security for life. 'Preparing for the Great Wealth Transfer requires careful planning and strategic decision-making for individuals on both sides of the equation — inheritors and those leaving the assets behind,' says Nicholas Yeomans, CFP, president of Yeomans Consulting Group in the Atlanta area. Both older and younger generations need to ensure this wealth goes where it's intended and that it does so tax-efficiently. So those looking to get a piece of the Great Wealth Transfer should consider how a top financial advisor can help them navigate the many issues that will occur — including how to turn that wealth into lifetime income, how to reduce taxes on distributions and how to simplify the legal issues around inheritance. Learn more: A guide to financial planning and how to get started The Great Wealth Transfer is beginning, with the baby boomers — who own about half the country's wealth — passing on $84 trillion to heirs through 2045, according to Cerulli Associates. Experts project that younger generations such as Gen X and millennials will inherit $72 trillion of that total, while charities are set to receive the rest. It's been called the largest transfer of wealth in history — and it's poised to make millionaires of many people. Of course, the Great Wealth Transfer will take decades to play out. While the oldest boomers (born 1946–1964) are 79 this year, the youngest are turning 61, not even able to claim Social Security yet. Many Americans have time to prepare their finances so that they and their heirs thrive in the future. But it's not too early for Gen Xers (born 1965–1980) and millennials (1981–1996) to begin planning for this massive financial shift, too. The majority of this wealth will be transferred among the wealthiest 10 percent of Americans, according to the New York Times. The top 1 percent wealthiest control as much as the bottom 90 percent of the country as a whole, while the bottom 50 percent direct about 8 percent of the wealth. Regardless of which tier you sit in, you want that money to go where you intend, while minimizing the effect of taxes on the distribution. That's exactly how a financial advisor can help older generations. It's vital that Americans think about how to manage their estates so that their wishes are met and so that they can minimize costs for their heirs and set them up for success. Of course, a good advisor can be valuable at this moment for those inheriting wealth, too. Wealth is not income, so even if younger generations inherit wealth, they may need to turn it into income that can sustain them over time, perhaps through dividend stocks or annuities. Others may inherit real estate that can be used to generate income or else house them and cover what's likely the single largest expense for most people. So a good advisor can help turn inherited wealth into an income stream for life, providing sustainable financial security. Compare advisors: Bankrate's list of the best financial advisors One of the difficulties in planning for the Great Wealth Transfer is knowing how to deal with the legal issues of passing on wealth — that is, creating an estate plan. Good advisors have seen it all before and know the best ways to navigate this complex process so that you can avoid not only the legal snags but the human issues surrounding it. Regardless of how much wealth you're working with, experts say you need an estate plan. The estate plan must have a will and may have a trust, if you're working with more assets. But even one of the simplest ways to make sure that your assets go where you want is to name a beneficiary on your financial accounts, sidestepping the hassles of probate court. If you're using a trust, it's important that your assets are registered in the trust properly if you want them to enjoy the trust's protection. Whereas accounts that have named beneficiaries supersede the trust's instructions, you'll need to make a complete inventory of all other accounts and ensure that they're properly registered as part of the trust structure. Beyond that, it's important to communicate the plan to potential heirs so that everyone is informed, a point that advisors routinely emphasize. 'Proactively communicate the plans you have in place to your beneficiaries, especially those with kids,' says Eric Bond, president, Octave Wealth Management in Long Beach. 'Remember, these conversations are key, because once you pass, your plans are irrevocable. So, this proactive communication allows you the ability to uncover a small problem today, preventing your children from facing a big problem down the road.' Again, this process can be driven not only by those who are giving away their wealth but also by younger generations. It's important that potential heirs open discussions so that they know where accounts and important documents are located. 'While these conversations may be difficult to broach with parents, you can keep things simple: your parents don't have to share account balances with you but simply provide the location, registration and beneficiaries so it can be easily accessed upon their death,' says Bond. Making estate plans can be incredibly complex and require extensive knowledge about the best way to keep and grow your assets, so an expert advisor can help you sort things out smartly. 'Individuals and families should consider engaging financial professionals to develop comprehensive financial, tax and estate plans that align with their long-term goals and values,' says Yeomans. Get started: Match with an advisor who can help you achieve your financial goals While the Great Wealth Transfer can be daunting, it's a moment to get smart about finances, plan for your money to endure and even build generational wealth. 'The biggest slip-up is when the person inheriting the money fails to proactively plan,' says Bond. 'Unfortunately, this often results in not investing the inheritance in the best possible way and instead spending the money unnecessarily.' Bond points to paying 'expensive and unexpected tax bills' as one place of fruitless spending. With smart planning, more of that money can stay in the pockets of heirs. For older Americans, one way to help heirs sidestep taxes is to convert a traditional IRA to a Roth IRA. While that may involve paying taxes today, it allows heirs to avoid taxes later on, potentially after enjoying significant gains. Financial advisors can help you understand whether the move makes sense for your situation and walk through some of the complexities of an inherited IRA. But even if you're not going to undertake complicated maneuvers, it's still important to understand key inheritance issues, such as the step-up in cost basis on assets. The step-up in basis may save even regular Americans hundreds of thousands of dollars, though many people accidentally make decisions that derail this serious tax savings. 'When you inherit an asset, the value of that thing might be more than what it was when the person who left it to you originally bought it for,' says Bond. 'The step-up basis is basically resetting the value of that thing to what it's worth when you inherit it.' Heirs may ultimately save a ton by waiting to sell assets after they've been passed down, when they have a higher cost basis and will therefore owe lower or no capital gains taxes. Finally, the Great Wealth Transfer also offers a moment to consider which assets build more wealth over time. Long-term returns have historically been strongest in a diversified portfolio of stocks. The Standard & Poor's 500 Index — a collection of hundreds of America's best companies — has returned about 10 percent on average annually over long stretches. It's a proven wealth-building strategy and one endorsed by legendary investor Warren Buffett. A good advisor can help you set up smart investments that can build wealth for decades. Learn more: Match with an advisor who can help you achieve your financial goals A tremendous amount of wealth will be moved during the Great Wealth Transfer, so it's wise to begin planning as soon as possible. Smart estate planning can help older generations pass their money efficiently to whom they want while also helping younger generations build wealth for decades to come, making even a smaller inheritance life-changing over time. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fintech News ME
24-06-2025
- Business
- Fintech News ME
Wealthbrix Launches in DIFC to Serve Growing Global Wealth
Wealthbrix Capital Partners Limited, a newly established independent wealth management firm, has officially launched operations from the Dubai International Financial Centre (DIFC), the financial hub for the Middle East, Africa, and South Asia (MEASA). Founded by professionals from private banking and asset management backgrounds, the firm brings over 150 years of combined leadership experience, with a track record of managing more than US$30 billion in assets for clients across the Middle East, Asia, and Europe. Wealthbrix aims to provide a client-centric, independent approach to wealth management, targeting a growing group of globally mobile, self-made clients seeking tailored solutions beyond standardised offerings. The firm's launch coincides with ongoing shifts in global wealth patterns. An estimated US$85–100 trillion is expected to change hands globally by 2050 in what has been referred to as the 'Great Wealth Transfer'. In the Gulf Cooperation Council (GCC), around US$1 trillion is projected to be passed down, alongside rising numbers of high-net-worth individuals (HNWIs) in the UAE. In 2024 alone, over 6,700 new millionaires reportedly relocated to Dubai, bringing the total number of HNWIs and ultra-HNWIs (UHNWIs) in the country to more than 68,000, with further growth anticipated. Wealthbrix is particularly focused on Mid-Tier Millionaires (MTMs), individuals with investable assets between US$5 million and US$30 million, and UHNWIs with over US$30 million. MTMs, often overlooked by traditional models, account for around US$55 trillion in global wealth and are growing at a faster rate than the broader HNWI population. UHNWIs are projected to increase by 38% in the next five years, driven by growth in Asia and the Middle East. Wealthbrix positions itself to serve these segments through a combination of wealth preservation, succession planning, asset diversification, and advisory services. Its platform is built to offer regional insight and global structuring expertise, supported by in-house capabilities across equities, fixed income, and real estate. The firm operates with a partner-led model and holds a license from the Dubai Financial Services Authority (DFSA). It plans to establish a fund platform based in DIFC, in line with Dubai's broader ambitions to strengthen its position as a global financial centre. Wealthbrix has secured an eight-figure equity investment from a group of international investors, including regional family offices, a venture capital firm, and angel investors. The capital is expected to support its plans to attract talent, expand its services, and scale operations. Rajesh Khanna, CEO of Wealthbrix, said: 'Dubai offers a unique convergence of regulatory clarity, global talent, and a robust entrepreneurial ecosystem, making it the ideal base for a firm that is home-grown, yet global in outlook.' Wealthbrix operates on a hybrid model that combines personal engagement with technology. Its secure, cloud-based platform enables consolidated portfolio reporting across banks and asset classes, offering clients a centralised view of performance and risk.
Zawya
23-06-2025
- Business
- Zawya
Wealthbrix announces official market entry from DIFC
DUBAI: Wealthbrix Capital Partners Limited, a newly launched independent wealth management firm, today announced its official market entry from Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA region). Founded by a team of seasoned professionals from private banking and asset management, the firm brings together over 150 years of collective leadership experience and a track record managing more than US$30 billion in AUM from Middle Eastern, Asian, and European clients. Wealthbrix enters the market with a clear purpose: to deliver a client-first approach to wealth management that is independent, holistic, and agile - reflecting the ambitions of global upwardly mobile wealth creators and the shifting centre of gravity in global capital. 'This is the Dubai moment - an inflection point where global capital, regional ambition, and client expectations are converging,' said Dr. Hamad Buamim, Chairman of the Advisory Board, Wealthbrix Capital Partners Limited. 'Today's wealth creators want more than access to products. They expect a partner who can build and preserve their legacy, support their ambitions, and provide unbiased, high-impact advice.' This launch comes at a pivotal moment for wealth managers. An estimated US$85-100 trillion in global wealth is expected to change hands by 2050 in what is being called the 'Great Wealth Transfer' – including approximately US$1 trillion in the GCC alone. This represents an unprecedented opportunity driven by next gen millionaires. This is juxtaposed by the UAE benefitting from this seismic shift, with more than 6,700 new millionaires having relocated to Dubai in 2024 alone, over 68,000 HNWIs and UHNWIs now based in the country, and more than 30,000 expected to arrive over the next five years, solidifying the UAE's status as a leading global hub for the new generation of high-net-worth individuals. A growing share of global capital is concentrated in two fast-expanding, high-growth segments: Mid-Tier Millionaires (MTMs) with investable assets between US$5 million and US$30 million, and UHNWIs with over US$30 million. MTMs alone account for nearly US$55 trillion in global wealth and are growing faster than the broader HNWI population. Often self-made and globally mobile, many in this group sit between upper-tier affluent and ultra-high-net-worth tiers - requiring a more tailored and sophisticated approach than standardised models typically provide. Meanwhile, the UHNWI population is projected to surge by 38 per cent over the next five years, with Asia and the Middle East driving the fastest growth globally. Together, MTMs and UHNWIs represent a rapidly expanding opportunity - one that sits at the heart of Wealthbrix's mission. These clients demand more than transactional advice; they seek a holistic approach that reflects their ambitions. This is where Wealthbrix steps in: bridging the gap between legacy models and modern client expectations through an independent platform that combines global structuring expertise with regional insight. Whether it's wealth preservation, succession, asset diversification, or fundraising, Wealthbrix is purpose-built to meet the needs of this influential and under-served segment. Wealthbrix builds on the momentum of a maturing wealth management landscape with a differentiated, partner-led model spanning private wealth, asset management, and corporate finance advisory. Fully licenced by the Dubai Financial Services Authority (DFSA) and headquartered in DIFC, Wealthbrix is designed to complement and elevate the existing wealth management ecosystem - delivering tailored, unbiased advice anchored in institutional discipline and enabled by advanced technology. Arif Amiri, Chief Executive Officer of DIFC Authority, said, 'We welcome Wealthbrix to DIFC's growing ecosystem of firms shaping the future of wealth and asset management. As the city with the highest concentration of wealth in the region, DIFC continues to attract firms that bring confidence, innovation, and a broad range of perspectives to the sector. We look forward to supporting Wealthbrix growth as they contribute to the evolution of the region's wealth management landscape.' As global asset managers flock to the UAE to tap into rising investor demand, Wealthbrix offers a differentiated, home-grown alternative - combining institutional discipline and strong in-house asset management capabilities across equities, fixed income, and real estate. As part of its long-term strategy, the firm is building a DIFC-based fund platform that aims to anchor investment activity locally, whilst aligning with the Dubai Economic Agenda to position Dubai at the forefront of innovation and economic growth. Wealthbrix enters the market as a well-capitalised institution, having closed an eight-figure USD equity funding round backed by a strategic group of global investors - including family offices, a venture capital firm, and angel investors from the region and beyond. This strong capital base provides the foundation to scale: attracting top industry talent, expanding product depth, and building a comprehensive value proposition. 'This is a rare moment to elevate and optimise how wealth is managed in the region,' said Rajesh Khanna, Chief Executive Officer of Wealthbrix Capital Partners Limited. 'Dubai offers a unique convergence of regulatory clarity, global talent, and a robust entrepreneurial ecosystem - making it the ideal base for a firm that is proudly home-grown, bold in ambition, and global in outlook. Built on a model that fully aligns our interests with those of our clients, Wealthbrix brings together open-architecture access, multiple global custody banks, in-house asset management, consolidated reporting, and debt & equity advisory to deliver bespoke, holistic solutions for today's discerning clients.' True to its independent model, Wealthbrix combines in-house capabilities with access to best-in-class managers, underpinned by a strong focus on client suitability and the reach to access opportunities across global markets. Wealthbrix is built on a hybrid model that optimally uses touch and tech enablement while delivering the desired client experience. Its secure, cloud-native platform consolidates client portfolios across banks and asset classes - providing a periodic, 360° view of performance and risk management.
