File Outline Insight

The Great Wealth Transfer: A Megatrend in the Making

Trillions of dollars are expected to change hands over the coming decades—creating a massive shift in generational wealth. Learn about the potential impact on wealth management and what advisors can do to prepare.

Green pastures.

1/4/2024

2 min read


Topic

Tax Management

Key takeaways

  • $84.4 Trillion is expected to be passed down from elder generations to beneficiaries and charities.
  • Generation X and Millennial generations are projected to inherit approximately $57 trillion.
  • The transfer of wealth can create substantial opportunity for advisors to retain clients, acquire new clients and grow their business.
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