Fewer than four in 10 advisers say they have a successful track record of partnering with their clients’ children or spouses on successful wealth transitions, meaning the stability and longevity of many advisers’ practices may be in question.
Described as investors born after 1965, this group prioritizes digital communications and broader wellness needs and is willing to work with multiple advisers.
Financial challenges should be addressed before saving for retirement can be effective.
Employees surveyed said their ideas and feeling about money varied greatly throughout each life stage, and 40% identified more with others who are going through similar life events than those in defined generations.