Reported 2 months ago
In discussing the Great Wealth Transfer, which involves nearly $84 trillion in assets, Valerie Galinskaya of Bank of America's Merrill Center emphasizes the importance of defining the purpose of wealth to ensure successful generational transfer. She highlights that 70% of wealthy families lose their fortunes by the second generation and advocates for families to approach wealth with curiosity, aiming to understand future success aspirations.
Source: YAHOO