The Great Wealth Transfer: An Opportunity for Financial Professionals

The “Great Wealth Transfer” is among us. A recent Citizens Bank survey reveals that baby boomers are poised to transfer a staggering $84 trillion in assets over the next few decades. Millennials (55%) and Gen Z (41%) are most likely to expect an inheritance within five years. However, most Americans are ill-prepared for this historic multi-generational wealth transfer, with 72% lacking the confidence to manage a large influx of money.