The Future: Wealth Creation or Wealth Transfer?
The greatest transfer of wealth is scheduled to occur over the next several decades. Gen Xers and millennials will be inheriting over $30 trillion in assets. Are you positioned to remain the next generation’s financial advisor?
You need to begin transitioning millennials into the planning process and maintain a high level of meaningful contact with them via email communications, digital newsletters, and website enhancements that they will embrace. Also consider annual reviews that include parents and adult children.
Finally, lose the flip phone and CRT computer screen. Millennials may have to ask you what they are.