UEAE-High-Net-Net-Casticis (UHNW) families are among the most forward-looking around the world when it comes to integrating artificial intelligence and digital assets into their Wealth strategies, according to a new study by Standard Chartered Global Bartive Bart Bank.
Lesson, with topics “Great Revenge”Find out that 71 percent of UAE households believe they should invest strategically in digital assets such as Cryptocurrencies, NFTS or traditional assets, compared to 6 percent globally.
It also showed that 75 percent of respondents to the UAE Trust ai tools to support wealth decisions, showing the growing comfort that includes technology in the management of family wealth, provided that human advisors are always involved in major decisions.
Vinay Gandhi, head of the global community for South Asia and Regional Head for Europe, the Middle East and Africa, sees predictive tools. As one of the most powerful private wealth Hubs in the world. “
The study surveyed more than 300 UHNW families and advisors across key wealth regions including Singapore, Hong Kong, China, UAE, India, Africa and London. It has been found that UAE family offices combine innovations with strong governance structures. Ninety-six percent of respondents in the UAE said they regularly review and increase their percentage of family rule, compared to 94 percent globally, while a similar proportion have similar military practices, compared to 92 percent globally.
More than 67 percent of UAE family offices report active or extensive involvement in more than one of the winning and investment decisions which is a higher level of involvement than most international partners. Younger generations are increasingly driving the conversation around digital diversity, sustainability and impact investing, the heart management models in the region.
Philanthropy also remains a trend to bring wealth to UAE families. The report said 88 percent of respondents prefer to contribute to national or international causes, compared to 80 percent globally, while 92 percent report full family support for the importance of family, compared to 83 percent globally.
The survey also found that 92 percent of UAE family offices believe that better cross-border planning could save their families millions of dollars at a time of global emphasis on structured, long-term wealth management.
Vinay added: “As the global writer continues to evolve, the UAE’s combination of innovation, involvement in technology management sets a new development for the long-term purpose, by maintaining technological prosperity.”
