One of the greatest challenges most high-net-worth families face is not how to create wealth, but how to pass wealth on successfully. <\/p>\n\n\n\n
Research shows that generational wealth often fades within 3 generations – not because the money disappears, but because the knowledge and habits required to manage it are never fully transferred to future generations. <\/p>\n\n\n\n
Nedbank Private Wealth is now addressing this issue with the launch of its NexLegacy<\/a><\/strong> initiative \u2013 an innovative approach designed to teach children* from high-net-worth families how to build, protect, and grow wealth throughout their lives.\u00a0<\/p>\n\n\n\n NexLegacy<\/a><\/strong> is an interactive learning experience designed to introduce children between 7 and 18 years old to basic financial concepts in a fun and engaging way.\u00a0<\/p>\n\n\n\n NexLegacy<\/a><\/strong> aims to transform the way the next generation understands wealth planning and education through interactive challenges, practical tasks, and mentorship – all designed to turn banking and investment concepts into real-life skills.\u00a0<\/p>\n\n\n\n According to Bodibe Sebolai, Head of Client Value Proposition at Nedbank Private Wealth, children attending NexLegacy<\/a><\/strong> initiatives won\u2019t just learn how to budget; they will gain first-hand experience in setting goals, will learn the value of tracking savings, and will understand how interest works.\u00a0<\/p>\n\n\n\n They will also learn the difference between growing and preserving wealth, and why the latter is crucial for maintaining wealth over time.<\/p>\n\n\n\n \u201cNexLegacy<\/a><\/strong> is about equipping the next generation with the tools and mindset to be more than beneficiaries,\u201d said Sebolai.\u00a0<\/p>\n\n\n\n \u201cIt\u2019s about helping them step into their future roles as custodians of their family\u2019s legacy with confidence.\u201d<\/p>\n\n\n\n Nedbank Private Wealth hosted its first NexLegacy<\/a><\/strong> cohort for children between the ages of 7 and 12, bringing together selected clients and their children for a one-of-a-kind, curated day of discovery, learning, and growth.\u00a0<\/p>\n\n\n\n And it\u2019s just the beginning. With NexLegacy<\/a><\/strong>, Nedbank Private Wealth is setting a new benchmark for how banks support families, not just with products but with purpose.\u00a0<\/p>\n\n\n\n \u201cThis is more than a camp; it\u2019s a strategic intervention,\u201d Sebolai said, \u201cdesigned to build habits early and create a new generation of wealth stewards who are ready to lead.\u201d<\/p>\n\n\n\n The initiative formed the first major launch event under the broader family offering proposition, and NexLegacy<\/a><\/strong> will evolve to support young people through various life stages \u2013 from childhood to adulthood.\u00a0<\/p>\n\n\n\n The programme is set to continue as an annual series, reinforcing the long-term value of early financial education. <\/p>\n\n\n\n This approach reflects Nedbank Private Wealth’s belief that wealth planning stewardship should start young, not just with a conversation, but with action. <\/p>\n\n\n\n By introducing these concepts in an age-appropriate way through games, stories, and interactive simulations, children gain financial knowledge and develop good money habits long before they inherit assets.<\/p>\n\n\n\n For parents, NexLegacy<\/a><\/strong> represents more than a fun day out for the kids.\u00a0<\/p>\n\n\n\n It\u2019s an investment in their children\u2019s future, rooted in the understanding that wealth without knowledge is fleeting. <\/p>\n\n\n\n The programme draws directly from Nedbank Private Wealth\u2019s broader family banking philosophy, which is built on the understanding that wealth planning works best when it includes the whole family. <\/p>\n\n\n\n From strategic succession planning, the bank helps clients manage their wealth as a unit, building a financial legacy that\u2019s robust and resilient.<\/p>\n\n\n\n \u201cOur clients have told us they want to do more than preserve wealth; they want to prepare their children to manage it responsibly,\u201d said Sebolai. <\/p>\n\n\n\n \u201cNexLegacy<\/a><\/strong> helps them bridge that gap in a way that\u2019s memorable, practical, and deeply relevant.\u201d<\/p>\n\n\n\n\n
What is NexLegacy?<\/h2>\n\n\n\n
A new beginning<\/h2>\n\n\n\n
Nedbank Private Wealth believes in education<\/h2>\n\n\n\n
Why NexLegacy?<\/h2>\n\n\n\n