Millennials are on the fast track to become wealth manager’s biggest clientele in need of financial and investment advice. Therefore, it’s important to understand what makes them different from their parents and how it could influence your client acquisition, customer service, and investment strategies. The Millennials (got their name from the years of their birth: 1981 – 2000), also called Generation Y, are currently the largest adult demographics as Goldman …
Be prepared for The Great Wealth Transfer
In the coming years, a seismic shift in wealth will occur – with the wheels already beginning to set themselves in motion today. It’s estimated that in the United States alone, 45 million households will transfer around $68 trillion to their children by 2045. ‘The Great Wealth Transfer’, as many have dubbed this large-scale transition of wealth will be sparked by the passing down of wealth and assets from the …