New tech vital to multigenerational money movement

Across the globe, maturing generations with significant wealth are beginning to pass down assets to Generation X, Millennials and Gen Z. By 2030, $3.5tn is expected to be transferred in Europe, with global transfers projected to reach $18.3tn. Ageing populations, increased quantities of wealth and longer life expectancies are fuelling one of history’s largest intergenerational wealth transfers – how can wealth management professionals prepare for this? Understanding younger generations’ priorities is essential, with a clear emphasis emerging on sustainable investing. Additionally, personalised...