From CNBC: 2025-06-05 10:25:00

A $100 trillion wealth transfer from older to younger generations will reshape the wealth management industry as younger investors plan to switch advisors due to poor digital offerings. Understanding the next generation of inheritors is crucial as over $100 trillion is expected to flow to heirs and spouses in the U.S.

Young investors prioritize aggressive growth, embracing risk with meme stocks, cryptocurrencies, and other speculative assets. They seek products like private equity and overseas investments for better long-term growth. Wealth managers need to adapt to younger investors’ preferences for digital access, real-time information, and intuitive tools for decision-making.

Wealth management firms must provide financial education in a simplified, actionable format to engage the next generation of inheritors effectively. Millennials and Gen Zers are looking for authentic, personal communications and tailored services related to their wealth, including estate and tax planning, philanthropy advice, and concierge services for luxury purchases and experiences.

Next generations prioritize experiences over products, seeking exclusive services like cybersecurity advice, medical concierge support, and education advisory. Wealth management firms can increase loyalty by offering tailored experiences and partnerships that cater to the lifestyle preferences of young investors.



Read more at CNBC: Wealthy inheritors plan to fire their parents’ wealth advisors