On a recent summer night in New York City, a group of about 30 young adults, ages 20 to 30, went to the Studio Museum in Harlem to hear about the impact that art is having on the community, followed by dinner at famed neighborhood restaurant Red Rooster Harlem. The following night, the same group visited the New York headquarters of charity: water, a non-profit working to provide clean water around the world, followed by a party at the loft offices of Urban Zen, Donna Karan's philanthropic program.
It was not your average tour of New York, and the attendees were not your average 20-somethings. They were all either existing young clients of or members of ultra-high net worth families whose parents are clients of UBS Wealth Management Americas. The tours were part of the second annual Young Successor Program, an initiative by UBS to lure or retain young clients who are on the brink of controlling vast amounts of wealth.
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