Advisers fear great wealth transfer but predict 11.5% growth

Its study found that 43% of advisers expressed concerns about retaining assets from clients' spouses and heirs. Despite this, advisers remained optimistic, forecasting an average of 11.5% growth over the next year and an annualised 12.4% growth over the next three years. The study suggested that many advisers are grappling with the challenge of retaining current assets as clients' wealth transitions to spouses or younger family members. To address this, advisers are focusing on retention strategies, with 82% regularly engaging clients in family wealth planning discussions. They are al...