Boomers are using permanent life insurance to leave a multigenerational legacy
GlobalData predicts US$2.4 trillion will move firms
Demographic changes will dramatically alter advisory practices
Windfall recipients intend to pay off debts and share their newly acquired wealth with friends, family and charity
Richardson GMP’s new focus is on intergenerational wealth transfer
The children of the wealthy have different ideas about financial advice — and those who provide it. Understanding that mindset can help retain families when wealth transfers take place
Demand for sustainable investments will only grow as generational wealth transfer approaches
Advisors can reduce the risks of wealth transfer by meeting with client’s children, says Deborah McGrath
Advisors must start relationships with prospective heirs early to demonstrate why they are better than the competition
Women will soon control almost half of Canadian assets, and require tailored advice