The investment landscape is changing. Fast. Profound transformations are taking place in the global economy where digital disruption, environmental anxiety, regulatory obligations, and demographic shifts have come together to redefine the wealth management industry, for clients and advisers alike.
Wealth managers' client base is changing too. A new generation of investors, whose lives have been irreversibly transformed by digitalisation and the shared experience of living through Covid-19 are joining the ranks of the wealthy. According to research undertaken by Deloitte, we are in the midst of 'the greatest wealth transfer in history', with roughly $30trn set to change generational hands between 2017 and 2060, primarily from baby boomers to Gen Zs. With data suggesting that wealth transfers from one generation to the next result in 90% of heirs changing advisers, wealth managers a...
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