Legend
Analytics
Why Owner.One
How it works
Company
About Us
Investor Information
Security
Toolkit
Start using
How many countries do you have assets in?
Penguin Analytics data
According to Penguin Analytics, based on 13 500 respondents from 18 countries:
47
of our respondents store their assets in one country
24.4
in two countries
16.2
in three countries
5.8
in four countries
6.6
in five or more countries
The "Four Flags" concept involves distributing at least 50% of the most liquid assets across four different countries. There are no bad or good countries; there are only those that are suitable or unsuitable for achieving specific goals of a particular beneficiary. Only 6% of respondents fully adhere to the "Four Flags" concept.
Source: Penguin Analytics research, 18 500 respondents, 18 countries. Full report here
How do you allocate your capital?
*Please choose one or more answers to this question
12.52
Residential Real Estate
3.3
Commercial Real Estate
5.45
Land
7.73
Cash (cell, safe)
12.46
Bank accounts
10.83
Brokerage accounts
3.26
Precious metals
1.29
Metal accounts
4.18
Government securities
8.18
Public Company (stocks/shares)
9.11
Private Company (stocks/shares)
2.13
Other securities
1.96
Exchange stocks, options, futures, and other derivative instruments
0.65
Rights to intangible assets (inventions, books, products, etc.)
3.9
Investments in funds
0.83
Investments in venture funds
0.45
Personal (family) foundation or trust
4.32
Digital assets (cryptocurrencies, tokens, NFTs)
0.62
Tokens backed by physical assets
0.87
Collections of art
1.27
Other collections (wine, whiskey, watches, weapons, etc.)
2.61
Precious stones
0.75
Aircraft, helicopter, yacht, boat (any ownership share)
1.15
Expensive cars (including collectibles)
0.18
Chose their own option
Over 75% of our respondents misunderstand that asset liquidity does not necessarily mean ease and safety in transferring them to successors. We observe that their capital is concentrated in asset classes where significant transfer losses occur.
How do you manage and store information about your assets and capital?
24.32
prefer using spreadsheets or paper lists as an accounting tool
24.86
store their documents "in a closet"
19.84
choose cloud storage
18.03
store information scattered (in any way, as it comes)
5.36
get helped by their hired specialist
4.92
of respondents answered, "My spouse keeps track of it, I don't really know how, but I will find out now."
2.68
of respondents chose another option
97.32% of respondents use improper methods for storage and updating of asset data.
Do you consider possessing information about the assets more important, rather than the documents on that assets?
29.44
of respondents believe that information about the asset is more important than legal documents.
19.75
are not concerned about this question, as they rely on specialists to handle it.
50.81
of respondents have never thought about it.
Surveyed lawyers from several countries claim that in most cases, the problem lies not in securing ownership of the asset, but in obtaining information about which specific asset it is.
How often do you face situations where you urgently need information that is unavailable or hard to access?
17.81
Often, I do it myself.
Often, I rely on specialists to provide information upon request.
Not often.
40.22
Rarely, and all in manual mode.
On average, to confidently and smoothly convey information about any asset, it requires 10 to 22 different attributes.
How often do you keep track of and update information about your assets?
38.72
Keep track and update information from time to time
25.04
Constantly - out of habit
25.73
Only do it when necessary
4.98
My representative handles it
6.53
My spouse handles it
If a person has a substantial capital and has not previously maintained their affairs in at least a satisfactory condition, it is unrealistic to catch up on missed tasks within a month or a quarter.
Do you think anyone other than yourself would be able to fully understand the information about your assets?
Find asset documents, reconstruct ownership history, understand formalities, and determine ownership type.
15.73
of respondents believe that the family will be able to fully understand the information about the assets.
22.4
think that the spouse will be able to partially understand it.
7.23
believe that children will be able to partially understand it.
4.85
answered "Representative will be able to fully understand it."
4.77
believe that the representative will be able to partially understand it.
38.92
of respondents answered "It is unlikely that anyone will be able to."
6.12
responded with "I don`t know, it`s not my problem."
Overall, 79% of capital founders believe that their family members will not be able to fully understand the information about the assets on their own. This creates an information asymmetry between the founder and the members of their family.
Have you ever conducted a family test to remember your assets?
The majority of problems that arise during the transfer of wealth from the creator to their family and successors can be summed up in one phrase - information asymmetry. This is a situation in which two or more subjects interact, and one possesses more knowledge about the interaction object than the others.
7.1
of respondents conducted the test and claim to remember all the details.
11.27
conducted the test, but only remembered it in general terms.
81.63
have never conducted a similar test.
Statistics show that only 17% of this information is retained in memory. Although our tests revealed a slightly higher retention rate of 23%, the core issue remains the same.
Do you fully trust specialists to manage your asset information?
10.87
of the respondents fully trust their professionals
21.75
are not sure about fulfillment of obligations ‘to the end’
67.38
of respondents are sure that the pros don`t do everything ‘properly’
In 31% of cases, particularly in emerging and default markets, professionals misuse available information because they have more data from the owner than from the family. This creates information asymmetry.
Are you aware that approximately $260 billion in personal financial resources and assets are considered "missing" worldwide, and around $420 billion in assets and properties are unclaimed?
2.53
are aware this statistics.
97.47
of respondents didn`t pay attention to this data.
At any given moment, 22.7% of deposit boxes worldwide are considered dormant, and access to them is restricted.
Have you dealt with KYC procedures and the need to confirm the continuous ownership of an asset?
29.87
have encountered it, know and maintain information about continuous ownership.
6.49
know, but their representatives handle it for them.
20.78
learned about it after encountering it and now maintain information about continuous ownership.
42.86
are unsure how to answer.
The standard KYC process includes verifying the legality of capital and assets (starting from $50,000-$100,000). While proving the legality of the funds is relatively simple, confirming continuous ownership of an asset is much more challenging. You need to prove that the funds you are transferring are the same ones that were legally earned.
Do you maintain a SoWE - Source of Wealth Essay (description of the sources and timeline of the family`s wealth)?
6
of respondents maintain a Source of Wealth Essay (SoWE).
92
of capital founders do not have a SoWE and consider it an insignificant document.
The importance of this document in the financial world is only growing. A couple of years ago, it was only required from Ultra High Net Worth individuals, but now it is increasingly requested from other categories of affluent families. In a couple of years, you will still have to prepare it, but the amount of up-to-date information will be much smaller.
Do you consider a will to be a reliable tool for transferring assets to your family without loss?
14
answered "Yes, I consider it reliable."
86
answered "No, I do not consider it reliable."
Wills are often ineffective and largely unrelated to the issue at hand. For a will to be effective, it requires a tremendous amount of information. Not just simple data, but rather detailed information. Otherwise, it is difficult to enforce. If this information is not present in one`s current life, how can it be included in a will?
Are you aware that families with a net worth between $3 million and $99 million account for 75% of the recorded losses in asset and capital transfers?
3.13
of respondents are aware of this statistics.
96.87
have never thought about it.
Statistically, families with a net worth of $3M to $99M are in the most vulnerable position during wealth transfer. hile all families experience some loss when passing wealth between generations, this group accounts for up to 74.6% of these losses. Whether in stable or unstable times, these families are more likely to bear the brunt of the losses compared to less affluent and wealthier families.
How long do you think it will take you to gather the information needed for accounting and transferring assets to your family?
22.14
of respondents believe that one month would be sufficient.
22.49
think it would take a quarter.
17.72
believe they could do it within six months.
37.65
A year or more is the answer given by 37.65% of respondents.
In practice, it typically takes about a year to complete this process, provided it is organized and executed systematically.
What percentage of your assets would you be willing to give up for a guarantee that the remaining assets will be inherited by your family?
52.2
of respondents are willing to give 0-10% of their assets in exchange for such a "guarantee."
23.74
are willing to give 10-25% of their wealth.
11.82
are willing to give 25-50% of their wealth.
6.68
are willing to give 50-75% of their wealth.
1.64
are willing to give 75-100% of their wealth.
35.56% of respondents consider a loss of 10% to 50% of their wealth a fair price for inaction.
Would you like your family to receive an "envelope" with details about your assets, comments, history, key details? It will be shared neither earlier nor later, but precisely at the moment you select.
71.41
would like to receive such an envelope.
28.59
of respondents prefer to rely on themselves. They wait and hope for the best.
With such a system in place, the information asymmetry would be minimized. This is the main problem causing a significant portion of family capital and assets to be lost even during the transfer within the same family.
Owner.One is tailored exclusively for wealth owners with net worth between $3 million and $100 million. Our service equips them to make wealth information transfer-ready. It enables them to pre-plan their automatic transfer to the family at the right time. Сheck here is how Owner.One can remedy data gaps and how it works.
