According to Kings Court Trust, an estimated £5.5tn will pass between generations within the next 30 years, raising both opportunities and threats for the financial services industry.
Advisers could either lose millions of pounds of assets as these cascade from one generation to another, or benefit from an increase in the number of individuals with money to invest and requiring financial advice.
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Capturing the interest of future investors is going to be critical during this wealth transfer, both for them and for advisers.
Antony Champion is head of intermediaries at RBC Brewin Dolphin
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