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Marine Augé explores the seismic shift heading towards the wealth management industry as an unprecedented $84 trillion transfers from Baby Boomers to Millennials and Gen Z. This epochal 'Great Wealth Transfer' presents vast opportunities but also significant challenges for traditional firms struggling with outdated technology and shifting client demands. A wave of innovative fintech startups is emerging, leveraging AI, blockchain, and big data to build modern solutions tailored for the digital natives inheriting this wealth. From ensuring longevity financing and secure end-of-life planning for retirees to hyper-personalized services for the affluent next generation, these disruptors aim to democratize access to sophisticated financial tools and planning across all wealth segments.
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The Great Wealth Transfer →
Writer
Marine Auge
Summary
Marine Augé explores the seismic shift heading towards the wealth management industry as an unprecedented $84 trillion transfers from Baby Boomers to Millennials and Gen Z. This epochal 'Great Wealth Transfer' presents vast opportunities but also significant challenges for traditional firms struggling with outdated technology and shifting client demands. A wave of innovative fintech startups is emerging, leveraging AI, blockchain, and big data to build modern solutions tailored for the digital natives inheriting this wealth. From ensuring longevity financing and secure end-of-life planning for retirees to hyper-personalized services for the affluent next generation, these disruptors aim to democratize access to sophisticated financial tools and planning across all wealth segments.
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