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The great wealth transfer rattling Wall Street
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NEWSDECK ANALYSIS
The transfer of wealth between generations is a significant phenomenon that has been anticipated for some time, with the baby boomer generation, who hold a substantial portion of the world's wealth, beginning to pass on their assets to their heirs. This shift is expected to have far-reaching implications for the financial industry, particularly for traditional wealth management firms. The loyalty of younger heirs to these established firms is a key concern, as they may opt for alternative financial services that better align with their values and investment goals.
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FT UK
The great wealth transfer rattling Wall Street
Tens of trillions of dollars are moving between generations — and younger heirs feel little loyalty to traditional advisers
30 Jun, 04:00
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