破解“富不过三代”困境：中领国际“代代幸福”模型重构中国高净值家庭财富传承逻辑

Core Insights - The article discusses the challenges faced by China's first-generation wealth creators in achieving effective intergenerational wealth transfer, highlighting that only 3%-5% of families globally can successfully pass wealth across three generations [1][2] - The "Generational Happiness" asset allocation model proposed by Zhongling International aims to provide a new pathway for wealth transfer among high-net-worth families in China, moving beyond traditional financial models focused solely on value appreciation [1][5] Group 1: Wealth Transfer Challenges - Wealth transfer is a complex, strategic, and long-term process that requires building an ecological system rather than merely creating a will or trust [2][4] - Factors such as the experience gap in wealth creation and transfer, declining birth rates, and economic fluctuations complicate the wealth transfer process for Chinese families [2][3] Group 2: Cognitive and Value-Based Insights - The sustainability of family wealth is fundamentally linked to the continuity of cognitive abilities, emphasizing that understanding the risks and diversifying assets is crucial for high-net-worth families [3][4] - The essence of wealth transfer lies in human behavioral aspects, where the growth mindset, shared values, and family cohesion are more critical than the initial wealth amount [4][6] Group 3: "Generational Happiness" Model - The "Generational Happiness" model integrates material wealth, values, and human capital into a cohesive framework for wealth transfer, aiming for a multi-generational approach [5][11] - The model identifies three foundational elements for successful wealth transfer: values, human capital, and material wealth, advocating for a balanced approach that prioritizes both financial and non-financial aspects [5][11] Group 4: Asset Allocation Strategy - The model proposes a three-tier asset structure: "ballast assets" (at least 40%), "core equity assets" (around 50%), and "high-risk non-core assets" (no more than 10%), ensuring a dynamic balance between safety, growth, and risk-taking [7][13] - The focus on "ballast assets" includes government bonds and large insurance policies to secure cash flow for essential family needs, while core equity assets are aimed at wealth appreciation [7][12] Group 5: Implementation and Operationalization - The model emphasizes actionable principles, including a "double bottom line" for ballast asset allocation and a focus on long-term, core investments to ensure family needs are met without compromising existing resources [12][13] - Successful wealth transfer requires institutional frameworks, such as family charters and committees, to solidify decision-making processes and adapt to changing family and market conditions [14]