Top 25 NextGen Trustees 2024

High-net-worth individuals (HNWIs) and families often accumulate diverse assets, ranging from prime real estate and luxury yachts to valuable equine investments. Managing these assets is complex, requiring specialized knowledge, legal expertise, and a long-term strategic approach. This is where professional trustees play a vital role. Acting as fiduciaries, they provide oversight, governance, and management of a variety of high-value assets, ensuring that the wealth is preserved, grown, and utilized effectively.

Professional trustees managing have a sophisticated understanding of the legal and financial aspects of asset management. The assets they manage often have global dimensions, with properties in different countries or yachts sailing in international waters. Trustees ensure compliance with local laws, tax obligations, and regulatory requirements. Trustees also work with tax experts to consider problems like double taxation on luxury assets while ensuring compliance with applicable laws. High-value assets are also often part of multi-generational estate planning. Trustees ensure that these assets are managed in a way that supports long-term family goals, providing income or value to future generations.

Relationship is also important when choosing a trustee or whether to move to a new one. The trustee instruction could last past your lifetime or further.  Having a trusted confidant and problem solver is an essential part of the trustee role – whatever your question. Wealth in scale requires different skills and experience as there can be tax and family fall out consequences. Be with an inexperienced advisor at your peril.  With that, Citywealth is delighted to introduce our curation of the best up-and-comers in the industry for 2024. Those who work with landed estates and leading entrepreneurs and are aware of the issues that they and their families will face in the modern world.