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.
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.
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