Updated Tuesday, September 1, 2015 as of 4:01 AM ET

Family Wealth Transfer: How Advisors Can Help

Talk about the generation gap: When it comes to planning issues, retirement and wealth transfers, the disconnect between parents and their adult children appears to be getting worse, according to a new study.

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Comments (1)
Congratulations on a brilliant article tackling an immensely important and growing problem...Bravo for shinning a light on a subject that is so often avoided by financial advisors. With 90% of the$5 Trillion that will be inherited over the next 10 years moving to new advisors (because mom and dad's advisor made no effort to meet and know the next generation) we will see some firms mop the flow with firms who are inept at facilitating intergenerational wealth transfers.

Firms that are consolidating financial planning practices are paying a premium for books of business where the next gens are already clients. A quick review of client surnames offers clear evidence of a firm's inter-generational prowess or ineptitude. Recurring revenue for financial planners is always measured in generations not in years.

Tom Deans Ph.D.
Author of every Family's Business and Willing Wisdom
http://www.EveryFamilysBusiness http://www.WillingWisdom
Posted by Tom D | Thursday, July 17 2014 at 4:39PM ET
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