Generational Transfer
From High Net Worth news, Banks Readying for Generational Transfer.
One of the areas the report highlights this year, the unprecedented generational transfer of wealth that the industry is facing, will make winners of the banks that approach it shrewdly, says Petrina Dolby, wealth management specialist at Capgemini. Estimates vary, she says, but conventional wisdom holds that $12 to $18 trillion will be bequeathed in the next 12 years. (The GDP of the U.S. is about $12 trillion a year.) Longer-term estimates top $130 trillion for the wealth that will change hands by 2053, she says.
----
Webster says that the trends in wealth management can be summed up with two sentiments: Customers want more choices and they want simpler ones.
Posted by Jill Fallon on August 1, 2006 at 9:16 PM | Permalink | TrackBack
