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.
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.