An intergenerational wealth transfer is already reshaping the financial landscape - and wealth managers should be prepared. Over the next 10 to 20 years, trillions in financial and non-financial assets are expected to pass from boomers to their heirs.
The impact on the financial services industry will be significant. Advisors should be integrating family estate planning into their practices now. A holistic, supportive approach covering a range of issues can create a foundation of trust that helps ensure inherited assets remain with the advisor.
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