May 15, 2017
We are amidst the greatest intergenerational wealth transfer ever known and wealth managers need to take note if they want to retain assets. More than £400 billion in wealth from Britain’s Bank of Grandparents is expected to be passed through to the younger generations in the coming years - navigating this transition will be critical. At present, 86% of heirs do not stay with their parent’s advisors. There is a great opportunity for wealth managers who can retain assets through this transfer if they are willing and able to adapt.