Remember Generation X the age cohort nobody talks about because everyone is so busy talking about boomers, millennials and Gen Y? Well, Gen Xers might not get the headlines, but they're going to.
Over the next 20 years, $84 trillion is expected to transfer between generations, with Gen Xers reaping the most over the next decade or so. Advisors will need to change how they do business to get the attention of younger investors.
Industry Experts Release Whitepaper On The Realities, Opportunities, And Risks Associated With Diminished Decision-Making Capacity
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Whealthcare Planning announces the release of a whitepaper on diminished capacity that summarizes the current demographic realities, the nature of the risks to financial services firms, the regulatory environment, and the opportunities for firms seeking to better protect their clients - and themselves.
Cognitive Overload
25% or more of a typical wealth management firm’s assets under management are at risk – directly as a result of diminished capacity. BELMONT, Mass. (PRWEB) April 13, 2021 Three financial services and technology experts – all with extensive professional and personal experience devising strategies to protect families and improve financial decision-making – have released a whitepaper that provides a framework for more effective client engagement,