12 February 2015 - Planned Giving Design Center | PGDC → Bruce DeBoskey, Philanthropic Strategist
More than $40 trillion will be inherited over the next few decades — the largest transfer of wealth in history.
Forty-five percent of spouses who inherit will seek and find a different financial adviser to manage those funds. Once the surviving spouse dies, a whopping 98 percent of the inheriting descendants will move those funds to a different financial adviser.
Most likely, other trusted family advisers — including legal, accounting and insurance experts — will experience similar rates of attrition.
Family advisers can slow this significant outflow of business by creating meaningful relationships with entire families — during the life of the existing client. This can be done by thoughtfully engaging families in
conversations that center on values, impact investing and the role of philanthropy in their lives.
More | Trusted family advisors should address philanthropy
No comments:
Post a Comment