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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

FCA launches tool to help firms understand its investment advice expectations

FCA launches tool to help firms understand its investment advice expectations

Regulator unveils its ‘Investment Advice Assessment Tool’

Isabel Baxter
clock 13 June 2025 • 1 min read
Simon Rogerson on the pitfalls of growing through acquisitions

Simon Rogerson on the pitfalls of growing through acquisitions

'Communication needs to be two-way, especially when two businesses come together.'

Simon Rogerson
clock 12 June 2025 • 4 min read
How connection drives operational efficiency and reduces turnover risk in financial services

How connection drives operational efficiency and reduces turnover risk in financial services

'33% of financial services professionals feel like outsiders in their own workplace'

Mary-Clare Race
clock 11 June 2025 • 5 min read