Advisers could see increased demand for their inheritance services, as new research points to fears among some clients about how their money will be spent after their death.
A third (32%) of Baby Boomers are reluctant to pass their wealth to someone with a different attitude to money than them, according to a survey by Abrdn. This has the potential to create a perfect storm of intergenerational conflict, as the same research highlighted significant differences in financial attitudes between generations. Generation Z were found to prioritise spending in the here and now (39%), over making financial sacrifices for the future. This compared to only 22% of baby boomers who thought that way. Advisers could benefit from this mismatch, by coming up with in...
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