Due to the power of compounding the multigenerational wealth transfer continues to become an appetising opportunity for entrepreneurs in the financial sector. However, the question of how this wealth will transfer between generations is still under huge debate. According to an analysis conducted approximately 84.4 trillion USD worth of assets will be relayed in the next 24 years. Another comment made was that money and wealth is gradually becoming very concentrated among wealthy families. The key takeaway is that when generating wealth, the client’s children should be a greater consideration and being to adapt with the needs of the younger generations.
Are you building wealth for those below you?