The good news for wealth managers is that both the population and wealth of high-net-worth individuals are at record highs, and trust in advisors also rose sharply last year. However, those wealthy clients under 40 will require a lot more attention in the future.

The population of high-net-worth-individuals (HNWIs) with more than $1 million in investable assets in the U.S. jumped 17% to 4 million and their investable wealth rose by 18% to reach nearly $14 trillion, according to the U.S. Wealth Report 2014 released by Capgemini and RBC Wealth Management.

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