Preparing for the Great Wealth Transfer
January 29, 2025
$124 trillion is set to change hands through 2048 and the implications for the financial services industry are vast. Gen X ($39 trillion) and Millennials ($46 trillion) will be inheriting substantial sums of money, while widowed women in the Baby Boomer and older generations will receive a projected $40 million in spousal transfers.
Amidst accelerating wealth transfers, it is critical for wealth and asset managers and other industry participants to figure out how to strike a balance between serving the needs of current wealth holders and positioning strategies to better capture assets of those inheriting wealth. In this presentation, Cerulli’s Chayce Horton evaluates the numbers and what they mean for the industry as wealth changes hands.
This discussion covers:
• High-net-worth (HNW) and ultra-high-net-worth (UHNW) market dynamics and channel marketshare
• Best practices for wealth managers guiding their HNW and UHNW clients to and through wealth transfers
• Unique service preferences, investing goals, intergenerational planning strategies, and other considerations of those who are giving and receiving wealth
Presented by:
Chayce Horton
Associate Director
Bio →
Chayce Horton
Associate Director
Chayce is an Associate Director in the Wealth Management practice and is the lead author of the annual High-Net-Worth and Ultra-High-Net-Worth Markets report. He also helps lead the annual Private Banks and Bank Trust Companies report as well as the quarterly Cerulli Advisor Edge. Chayce specializes in research and consulting related to high-net-worth investors and advisory firms, including multi-family offices, RIAs, broker/dealers, private banks, and trust companies, as well as the asset management providers that serve these investors and intermediaries.
Prior to joining Cerulli, Chayce worked in enterprise data governance, geopolitical research, and commercial banking at multiple global financial institutions.
Full biography here.
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Related Resources
Coming Wave of Inheritance | Wall Street Week
Chayce Horton speaks with David Westin at Bloomberg about the increasing net worth coming from inheritance.
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