Profound demographic change will force the funds management industry to look beyond the ‘baby boomers' to today's 'Generation Y' twenty-somethings, according to a new KPMG International study.
Beyond the Baby Boomers: The Rise of Generation Y argues that many in the funds management industry are unaware or simply unprepared for generational change affecting their customer base and their employees. The survey shows many in the funds management industry intend to remain focused on baby boomers regardless of next decade’s demographic trends, which show that the number of people pushing into the “wealth accumulation” stage of the life cycle (aged 40-59 years) begins to contract in the US from 2013 onwards.
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
