Wealth industry faces huge shift as boomers transfer wealth to their kids

08-Nov-2015 #Globalwealth Source: The Globe and Mail

According to research by consulting firm Accenture, the intergenerational wealth transfer could be detrimental – as at least 75 per cent of assets under management leave a firm after an heir receives his or her inheritance. Hence will be a difficult for the investment firms to retain the assets of boomers.

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