NCBA Champions Holistic Wealth Advisory as Demand Grows Among Kenya’s Affluent

Recent global studies by McKinsey and Bloomberg have highlighted a significant shift in the financial needs of high-net-worth individuals. A striking 60% of these clients are now prioritising holistic financial advisory services—ranging from estate planning to legal counsel—beyond traditional investment offerings. This growing trend is reshaping the future of financial services worldwide, and NCBA Bank is positioning itself at the forefront of this evolution.

“We recognise that our customers are seeking comprehensive financial advice—not just on investments, but also on legal and estate matters,” said Mr. Dennis Njau, Acting Group Director of Retail Banking at NCBA. “This forum is part of our ongoing commitment to walk alongside our clients on their journey to economic freedom, equipping them with the right tools to protect and grow their legacy.”

Against the backdrop of Kenya’s economic rebound, projected by the World Bank to grow by 5.2% in 2025—with non-resource-rich countries like Kenya potentially reaching 5.7%—the importance of wealth protection is gaining prominence. This optimistic outlook is largely driven by increased private sector investments and reduced government domestic borrowing.

However, a disconnect remains in wealth transfer preparedness. According to Knight Frank’s Africa Wealth Report, more than 70% of Kenya’s affluent individuals plan to pass on their wealth within the next decade, yet only 30% have formal succession plans in place. This gap underscores the urgent need for structured succession planning and legal clarity.

In response, NCBA recently held a specialized forum in partnership with Owiti, Otieno & Ragot Advocates and the NCBA Bancassurance Life team. The session focused on key pillars of estate planning, including Wills, Trusts, and taxation. Experts from NCBA Insurance also offered strategic insights into the benefits of early planning and how to navigate the legal intricacies of wealth succession.

This initiative forms a critical part of NCBA’s enhanced Platinum Customer Value Proposition (CVP), which is now evolving to offer value-added, structured advisory services. With increasing demand for integrated wealth management solutions, NCBA is reinforcing its role as more than just a financial institution—it is becoming a trusted adviser, empowering clients to make informed, future-ready decisions.

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