Navigating the $84 Trillion Wealth Transfer

The largest wealth transfer in history is upon us, with an estimated $84 trillion set to move from baby boomers to younger generations over the next two decades. This monumental shift represents a turning point for wealth advisors, bringing both significant challenges and opportunities. How can firms retain these assets while building trust with the heirs who will soon take control?

Our latest whitepaper, The Great Wealth Transfer is Underway. Are You Onboard?, dives deep into this transformative period, exploring the strategies advisors can adopt to position themselves as trusted stewards of family legacies. By leveraging technology, fostering transparent communication, and focusing on proactive engagement, advisors can navigate the complexities of intergenerational wealth transfer with confidence by:

• Understanding Next-Generation Priorities: Learn how sustainability, technology-driven solutions, and personalized financial management play a critical role in retaining younger investors.
• Bridging Generational Divides: Discover actionable steps for fostering meaningful connections between generations, from transparent reporting to tailored communication strategies.
• Leveraging Technology for Seamless Engagement: Explore how cutting-edge tools like the SS&C Black Diamond Wealth Platform can help advisors deliver a unified and value-driven experience.
• Securing Wealth Across Generations: Uncover best practices for building trust and empathy with heirs to ensure assets remain under your stewardship.

“We are not just talking about a wealth transfer,” said Kyle Fleming, Senior Manager of Product Management at Black Diamond. “This is really about a relationship transfer. If advisors act today, they can secure clients for decades to come.”

The paper also highlights actionable strategies for advisors to bridge generational divides. From utilizing cutting-edge reporting tools to developing tailored communication plans, the focus is creating seamless, meaningful connections spanning generations. These efforts ensure wealth remains with firms that demonstrate both empathy and value.

Readers will also discover the importance of early engagement, starting conversations today with clients and heirs that will pay dividends in the years to come. By understanding the unique values and goals of each generation, advisors can put together plans that align with each’s priorities. In so doing, they become trusted partners along the way. With a long-term, client-first mindset, advisors set the foundation for enduring relationships that withstand generational shifts.

Don’t miss the chance to position your firm for success during this pivotal time. Download the whitepaper today to discover how your firm can thrive in the era of the Great Wealth Transfer.

To learn how the SS&C Black Diamond^® Wealth Platform can support your advisory firm’s unique needs, request a personal demo, call 1-800-727-0605, or email info@advent.com.