Inter-generational Wealth Transfers
Kings Court Trust’s Chief Revenue Officer, David Masterton, writes about intergenerational wealth transfers.
Between 2017 and 2047, £5.5 trillion is expected to pass from generation to generation, which makes intergenerational wealth transfers one of the biggest threats and opportunities facing the financial services industry. If Financial Advisers do not act, they are at risk of losing funds under management upon the death of a client. Although, if they do take action, there is the potential for them to gain new clients, enhance their service proposition, generate an additional revenue stream, and increase their funds under management.
Whether you work in the financial services industry or work closely with a Financial Adviser to assist your clients, Kings Court Trust’s blog will help you understand the risks and opportunities of intergenerational wealth transfers. More specifically, David Masterton explores:
- What is intergenerational wealth transfer?
- The risks and opportunities of intergenerational wealth transfers
- Why Kings Court Trust is the great facilitator of intergenerational wealth transfer
- Why the wealth management industry needs to act now
This article was submitted to be published by Kings Court Trust as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.