Over the next 25 years, $84 trillion will change hands as wealth passes from one generation to the next. This is the great wealth transfer, and it represents both an incredible opportunity and a sobering challenge for financial advisors.
Here's the hard truth: up to 90% of heirs fire their parents' advisor after inheriting wealth. Why? Because they don’t feel connected to the advisor or the process.
The next generation of investors—millennials and Gen Z—aren’t just inheriting wealth; they’re bringing a new mindset and digital-first expectations. They want their financial lives to feel seamless, transparent, and collaborative. They expect advisors to meet them where they are: online, mobile, and always connected.
At WealthTeamWork, we’re committed to helping advisors bridge this gap and thrive in the digital age. Our platform enables:
🔹 Compliant digital communication with clients and their families.
🔹 Collaborative tools that bring together clients, heirs, and other professionals—CPAs, estate attorneys, and insurance agents—into a unified space.
🔹 A modern client experience that empowers advisors to connect with tech-enabled generations on their terms.
By embracing these tools, advisors can not only retain the next generation but also become their trusted partners in building and sustaining their legacy.
The great wealth transfer is a once-in-a-lifetime moment. Let’s make sure advisors are equipped to turn this challenge into their greatest success.
How are you preparing to connect with tomorrow’s investors today? Let’s start the conversation. 💡
