When a high net worth (HNW) client first turns their attention to philanthropy, their giving can initially be complex to navigate.

This is because the more wealth a client has, the more options they have, which can be overwhelming.

There are also various factors to consider, not only in terms of the client’s approach, but the impact their philanthropy will have on them and their family, Christoph Courth, global head of philanthropy services at Pictet, noted.