Succession planning, low yields among Asian family offices' top concerns

Succession planning has become Asian families’ top-of-mind concern as internal disputes and the Covid pandemic drive concerns over preservation of wealth. In terms of asset allocation, families are looking to riskier assets as returns in 2021 boost their confidence. “Fewer than a third of Asian families have a proper succession plan in place,” said Manish Tibrewal, chief executive at Maitri Asset Management, which manages funds for family-owned Tolaram. “We have also seen some e…