Gen Z and Millennial investors are demanding more agility and versatility from wealth advisors and private banks in a move set to significantly shift the business practice in the industry.
This comes even as The Great Wealth Transfer is set to move a significant portion of global wealth from baby boomers to Gen Z and Millennial heirs over the next two decades.
Several analytical reports and white papers published by industry experts in recent months anticipate a global shift in the business of wealth management as new and younger investors come into wealth with different investment priorities, demands and expectations compared to their parents.
Gen Z and Millennial investors are demanding more agility and versatility from wealth advisors and private banks in a move set to significantly shift the business practice in the industry.
This comes even as The Great Wealth Transfer is set to move a significant portion of global wealth from baby boomers to Gen Z and Millennial heirs over the next two decades.
Several analytical reports and white papers published by industry experts in recent months anticipate a global shift in the business of wealth management as new and younger investors come into wealth with different investment priorities, demands and expectations compared to their parents.