Preparing clients for the Great Wealth Transfer

The Great Wealth Transfer is underway. By 2048, roughly $100 trillion is expected to transfer from older generations to younger heirs, making inheritance an increasingly important part of household finances.¹

When families think about wealth transfer, they often focus on the assets. New Vanguard research suggests the conversations surrounding those assets are just as important. Heirs who discussed an inheritance before receiving it reported better financial and emotional outcomes, highlighting the value of planning before assets change hands.

For advisors, those findings reinforce the importance of engaging families early. By helping clients discuss their intentions, prepare heirs, and align transfer plans with their goals, advisors can support families as they navigate one of life's most significant financial transitions.

Explore our latest research report, Transferring wealth with wisdom, and companion Advisor action guide for practical ways to help clients prepare for a wealth transfer before it occurs.

1 U.S. High-net-worth and ultra-high-net-worth markets 2024. The Great Wealth Transfer: Capturing money in motion. Cerulli Associates, 2024. https://www.cerulli.com/reports/us-high-net-worth-and-ultra-high-net-worth-markets-2024.

Notes:

All investing is subject to risk, including possible loss of principal. Be aware that fluctuations in the financial markets and other factors may cause declines in the value of your account. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income.