Russell Andrews: The Great Wealth Transfer - hope isn't a strategy

We can't rewind, we've gone too far

clock • 5 min read

Relying on former glories to preserve the book of business as wealth changes hands, much like the radio stars did when MTV was launched, is likely to be a failing strategy, writes Russell Andrews

One of the most talked about topics of recent months has been the Great Wealth Transfer. While a minority may still doubt its existence or dilute its significance, it really is hard to deny that the significant value of assets currently being held by an ageing generation has to go somewhere. So while it's real, what's not necessarily clear is the impact of the transfer on financial advisers. When you first hear about the Great Wealth Transfer, you get the impression that there is a precise moment in time when billions, if not trillions worth of cash and investments are suddenly being han...

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