The worlds of traditional wealth managers and upstart digital competitors collided on the same stage during the LinkedIn FinanceConnect conference in New York on Thursday, and the competition between the two simmered through exchanges.
Mandell Crawley, global chief marketing officer of Morgan Stanley, told attendees at the Disruption in Wealth Management panel that the much-vaunted $30 trillion wealth transfer from baby boomers to millennials was a little overblown since the large majority it will still end up with high-net-worth and ultrahigh-net-worth investors.
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