The great wealth shift

The great wealth transfer will offer significant opportunities for lawyers, as Pippa Allsop explains

12 Feb 2020

It is estimated that in the next thirty years, somewhere in the region of £5.5trn will be passed between generations in the UK.

There’s no doubt that what has been dubbed The Great Wealth Transfer between the baby boomer generation and their successors, will offer significant opportunities for financial and legal advisors alike.

The objective of capitalising on those opportunities will undoubtedly bring difficulties, through the dichotomy of maintaining trust in tradition while successfully attracting new generations.

There will be a growing ilk of target client, many of whom will not previously have had cause to seek financial advice, or perhaps not had the complexity of a financial estate for which they re...

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