Jul '24 • Marketing ✨
Tackling the Great Wealth Transfer: A Call to Action for Financial Advisers
New research by Octopus Investments reveals that 69% of financial advisers don't have a plan for the Great Wealth Transfer, a huge intergenerational wealth shift expected over the next 20-30 years.
This is a missed opportunity, as the inheritance economy could be worth £5.5 trillion.
Many advisers worry about losing assets when clients pass away, with significant losses already happening due to a lack of engagement with beneficiaries. Advisers often think beneficiaries will spend their inheritance but most investors plan to reinvest it.
To avoid these risks and make the most of the wealth transfer, advisers should start connecting with their clients' beneficiaries now. Tailoring strategies to engage younger generations will also help ensure assets stay under management across generations.
Marketing Point
Start building relationships with your clients' beneficiaries today! By engaging the next generation, you can keep assets under management and show your value across lifetimes. This approach not only protects your business but also boosts client satisfaction and trust which can only be a good thing.
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Tackling the Great Wealth Transfer: A Call to Action for Financial Advisers
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