Beatrice Advisors’ Post

The Financial Times looks at how generational wealth will impact the future of business. Wealth-X data shows $18.3tn of collective wealth will be transferred to the next generation by 2030. Read it here - https://lnkd.in/eWDGF7K5

Wealth can be isolating - but you don't have to navigate the journey alone. Our new research, Wealth Beyond Measure, features insightful interviews with 40 UHNW Bernstein Private Wealth Management families from around the world.   What I particularly enjoy about Anne Bucciarelli, CFA's research is that families shared similar feelings towards wealth on a global basis, confounding some assumptions that regional differences would be stark. We see this frequently in our #globalfamilies practice. I invite you to take a glimpse into the mindset of the world's wealthiest families by checking out the summary at the link. I’d love to hear your perspective: https://ter.li/2a106j

Advisors are constantly looking to expand the value they are bringing to the families they serve. To successfully do this, advisors must understand the opportunity that is out there and ultimately begin to care about what their clients care about most: their families. Statistics show that: → $72+ Trillion will be transferred to the NextGen by 2045 → 70%+ of heirs leave their parents' advisors → 70% of widows leave their advisors after their spouses die. 32% of those who leave cite a "lack of personal connection" as the reason why. These are just a few of the statistics supporting the opportunity that is out there. So, what are you waiting for? Become a Whole Family Advisor®️ to expand the value you are bringing to your clients. Check out our 4-course Whole Family Advisor Training Program. Link in the comments! #wholefamilyadvisor #risinggen #heirs Sources: Cerulli Associates, U.S. High-Net-Worth and Ultra-High-Net-Worth Markets, 2021 Cerulli Associates, Cerulli Edge- U.S. Advisor Edition, 2021. Kiplinger, For Widows: 3 Life Changing Financial Resolutions, 2022. Financial Advisor, Why Are More Women Clients Than Ever Firing Advisors?, 2024.

Ilias Georgopoulos has published an article in Campden FB titled "Is the gradual wealth transfer creating 'Gen PC'?". In this article, he discusses how younger generations are diversifying their portfolios beyond traditional assets, turning to private capital for higher returns and lower market correlation. Read the full article here: https://ow.ly/7mMi50QXvzo #oneiqeq #familyoffice #privatewealth

An important topic for wealth management and financial planning firms + this looks like a great webinar w/ CE attached to it if you attend live

Millennial and Generation Z investors are building wealth so quickly that the “demographic is becoming impossible for financial advisors to ignore,” according to a new study. Here’s a look at a new report by research and consulting firm Cerulli Associates using the latest data on consumer finances from the Federal Reserve, with insights from Raman Singh of Singh Private Wealth Management; Palash S. Islam of Synergy Financial Group, LTD; KASHIF A. AHMED, CFP® of American Private Wealth, LLC; Erika.com founder Erika Kullberg; and John McKenna of Cerulli Associates. #investing #money #growthstrategy

In March, we are exploring the theme of The Language of Wealth and examining how perceptions of wealth evolve and shape the path of the next generation of inheritors and creators. Join us as we investigate the discourse surrounding wealth and discuss ways to shift stereotypes, encouraging change makers within the wealth community. https://buff.ly/3v9x9C1 #UHNWInstitute #FamilyWealth #WealthPlanning

I'm excited to share insights from our latest study, "Wealth Beyond Measure." Bernstein Private Wealth Management conducted in-depth, personal interviews with 40 ultrahigh-net-worth families across the United States and worldwide. The findings are eye-opening and challenge common perceptions, showcasing the remarkable ways these successful families leverage their wealth for enduring impact. Discover the key takeaways here: https://lnkd.in/eQpND4nr.

💡Sean Lowson, Financial Planner at Waverton Wealth, discusses how to mitigate the impact of market turbulence to protect your family wealth, during disruptive economic conditions such as those seen in the past few years. 🔗 Read the full article here > https://lnkd.in/eziKW5SV

The first (highly anticipated) public webcast of the new year by Family Office Exchange is this Wednesday, January 17th, at 10 am CST / 11 am EST. Join me, David Toth, Mindy Kalinowski Earley, and Kent Lawson for a glimpse of the trends and developments that will continue to impact enterprising families and reshape the family wealth space throughout 2024 and into the next decade. #familyoffice #wealthmanagement #uhnw #familywealth #2024outlook #futuretrends