To retain assets, wealth management firms will have to offer more services to clients, regardless of age, gender or nationality
Speakers at IIAC Small and Independent Dealers symposium suggest meeting the family and finding out about the will
Holding on to assets will be a major challenge as wealth passes from one generation to another
Get to know your clients’ heirs
Nearly half of seniors are concerned they won’t have enough money left to give survivors
There are different tax implications for both courses of action, but the decision depends primarily on your client’s choice
40% do not have an estate plan
Advisors urged to embrace the next step in estate planning
Advisors can play a vital role when wealthy boomers pass their fortunes to the next generation