#FamilyOffices Stockpiling Cash as Recession Fears Grow

• About 42% of family offices say they're raising cash reserves
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  Majority surveyed by UBS expect a global recession by 2020
  
  

  • Family offices are also increasingly focused on a different kind of potential disruption: succession planning. This year, 54% of those surveyed said they have a succession plan in place, up from 43% last year.
    
    

https://www.bloomberg.com/news/articles/2019-09-23/world-s-wealthiest-families-stockpiling-cash-on-recession-fears

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