Reported 3 days ago
The global millionaire population grew by 600,000 last year, with 94% located in the US, raising concerns for wealth advisors. A significant 81% of inheritors are likely to switch wealth managers within two years, seeking more aggressive investment strategies and digital engagement. As the Great Wealth Transfer unfolds, advisors need to adapt to the next generation's preferences for comprehensive financial services and digital communication to retain clients.
Source: YAHOO