Wealth planning and next-generation education is becoming an increasingly important part of private banking, according to the man who looks after BNP Paribas’s wealthiest clients.

Remi Frank, global head of the key client group at BNP Paribas Wealth Management, told thewealthnet "everyone can speak about investments".

"But, if you do not do the right thing in terms of structuring and educating your family around your decision, you don’t care whether you do another one percent return—if you end up with a conflict within the family or if you wrongly structure it and you have to pay a lot of taxes.