High-net-worth individuals ( HNWIs ) across Asia-Pacific are prioritizing wealth preservation amid economic volatility, yet many lack the structures and communication needed to sustain it across generations, according to two new companion reports from Lombard Odier.

Based on a survey of over 390 HNWIs in markets such as Australia, China, Hong Kong, Japan, and Singapore, The Wealth Blueprint series highlights a stark disconnect: while investment goals are clear, execution and family alignment lag significantly. The reports, released on May 28, emphasize that investment strategy and wealth planning are inseparable for long-term success.

HNWIs in the region express great concern over near-term risks, including economic recession ( 53.5% ), equity market corrections ( 48.1% ), trade wars ( 41.2% ), and inflation ( 39.6% ).

Baby Boomers show greater risk aversion than younger generations. Geographically, Taiwan, Hong Kong, and the Philippines report elevated worries about trade tensions.

Despite these headwinds, diversification ( 48.1% ) and liquidity ( 45.3% ) remain core portfolio goals, alongside preserving family wealth for future generations ( 64.2% ).

Lack of comprehensive strategy

However, only about one in five respondents ( 21.5% ) follow a comprehensive asset allocation strategy. Those with formal structures and professional advice report markedly higher confidence.

Challenges include tax and regulatory complexity ( 38.4% ), lack of financial planning knowledge ( 33% ), and time constraints ( 31.5% ). Younger generations, particularly Gen Z, feel least prepared, with many not actively monitoring their portfolios.

The wealth planning report exposes deeper human challenges. Only 16.9% of families report full alignment on wealth purpose, while 42.2% cite significant gaps or no alignment. Just 26% have a full succession plan, with nearly 40% having none.

Baby Boomers and Gen X often delay discussions, while Millennials and Gen Z worry more about smooth transitions.

Key barriers include difficulty reaching family agreement ( 34.8% ), lack of next-gen readiness ( 29% ), and discomfort discussing sensitive issues, especially among younger respondents.

Intention-implementation gap

Formal governance remains limited ( only 29.3% of older generations have it ), perpetuating an “intention-implementation gap”.

Louisa Loo, head of wealth planning for Asia at Lombard Odier, notes the shift from historical taboos around succession. “Succession planning is not only about preserving fortunes. It is equally about passing on a family’s core values, vision, and sense of purpose,” she says, stressing the importance of early family governance, professional facilitation, and structures for global assets.

Both reports underscore a clear “advice premium”, indicating that HNWIs who have received advice show stronger alignment, more robust plans, and greater confidence. However, paradoxes abound, such high desire for preservation clashing with low next-gen preparedness, and market concerns coexisting with insufficient structuring.

Top actions recommended include initiating open generational conversations, establishing formal governance, seeking professional advice on tax and succession, diversifying thoughtfully, and monitoring progress regularly.

As geopolitical and economic uncertainties persist, the reports conclude that sustainable wealth demands more than performance. “It requires foresight, communication, and adaptive structures. For APAC’s growing affluent class, the blueprint for enduring legacy starts with bridging today’s preparation gaps”.