The next 20 years will see the biggest ever inter-generational transfers of wealth – from the baby boomers of the West to their children and the first significant inter-generational transfer of wealth in Asia – in China in particular.
Are your relationship managers ready to handle these new relationships in a relevant manner? Are they equipped to ascertain the financial needs of the new generation and translate these into solutions that meet discovered needs?
This transfer will move money from the Woodstock generation to the Band Aid generation. The Band Aid generation grew up with rock stars raising money for the starving, film stars as UK ambassadors and a constant accompaniment of video images of humanitarian disaster beamed around the world.
The new generation want their bankers to provide portfolios that satisfy their moral values as well as their search for financial value. Are your relationship managers able to discover these values and offer investment solutions that meet them in a tangible way?
Is your wealth management model sustainable in this new environment? The world of wealth management has changed forever. Have you?
Contact WealthCoaching for a new perspective on a new generation of High Net Worth Individuals.
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Osmond Plummer, Swiss Representative
ClearView Financial Media Ltd
C/o Route des Fayards 197, 1290 Versoix, Switzerland
Mob +41 79 477 3331 / Fax +41 22 774 4055
Contact us by e-mail
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