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
Senior Analyst
Bio →
Chayce Horton
Senior Analyst
Chayce is a member of the Wealth Management team at Cerulli and contributes primarily to the U.S. Private Banks and Trust Companies and U.S. High-Net-Worth and Ultra-High-Net-Worth Markets annual reports. His analysis covers the wealth and asset management industries that serve high-net-worth (HNW) investors and families. Chayce also provides analyst support to strategic consulting projects in the wealth management space and contributes to The Cerulli Edge series.
Previously, Chayce has experience working in enterprise data governance, government affairs, and business 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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