In a recent article published by South Florida Business & Wealth (SFBW), WE Family Office’s partner and advisor, Julie Neitzel, explores wealth transfer for the next generation, and what advisors need to know about this demographic. Over the next forty years, millennials stand to inherit $40 trillion from the baby boomer population. This makes them a vital demographic that the wealth management industry needs to understand in order to serve their needs and values.
The article delves into various studies that have been conducted about the millennial population, such as their values and fears, consumer behaviors and communication gaps between them and their parents, and steps advisors can take to enable better intergenerational wealth transfer success. “Family offices can initiate, organize and support these important conversations, incorporating them with the other wealth management activities of the family,” Ms. Neitzel states.
To read the full article, click here: http://go.epublish4me.com/ebook/ebook?id=10086149#/94
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