Since the start of the pandemic, baby boomers have been retiring every day at almost double the rate of 20,000. With this significant growth, as well as an eventual $70 trillion wealth transfer from this group, is your firm ready for what’s ahead?
Many consultants find themselves in a position where the future of their business could change immediately. Boomer’s successors are “digital natives” who not only instinctively take to technology, they often prefer it to human interaction to obtain information and conduct business. This white paper How to Manage Intergenerational Wealth Transfer: Three Critical Strategies for Advisors, explores the steps advisors can take to increase the likelihood of retaining the asset during this historic transfer of funds.