Managing the next generation's wealth will need a next generation advice approach, writes Steve Andrews, who argues those who continue to resist digital innovation face becoming less competitive...
The differences in attitude between the new generation of the wealthy and how their parents managed their fortune is extremely evident today, raising a challenge for advisers when it comes to finding innovative ways of keeping the next generation on their books. According to a report from Accenture, in the US alone trillions of dollars of wealth will transition between generations over the next 20 years. This is set to be an issue in the UK too, and managing this next generation wealth will need a next generation adviser approach. Thinking ahead and putting necessary measures in place...
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