'Start engaging next generation of clients as early as possible' - rewatch integenerational wealth webinar

PA Working Lunches

Sophie King
clock • 2 min read

When it comes to engaging the next generation of clients, advisers should consider the wealth of their business, rather than profit, according to Schroders intermediary solutions director Gillian Hepburn.

Speaking at the first of a series of Working Lunches hosted by Professional Adviser on Tuesday (18 August), Hepburn encouraged advisers to consider whether not making less profit in the short-term would be better for their business in the longer term once their clients' children have more wealth. She said to consider how losing the next generation of families might impact the business. "Have an audit for your business," Hepburn recommended. "If 65% of those inheriting wealth will move away, what might that look like in practice? What might it mean for you to lose those families once t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Experienced adviser launches financial education website

Experienced adviser launches financial education website

Subscription-based model designed for individuals and businesses

Jenna Brown
clock 25 February 2025 • 2 min read
Investors caution Reeves' ISA reforms 'would need to strike a careful balance' to solve UK investment crisis

Investors caution Reeves' ISA reforms 'would need to strike a careful balance' to solve UK investment crisis

‘A significant shift’ but not unprecedented

Sorin Dojan
clock 21 February 2025 • 2 min read
Advisers urged to encourage philanthropy as UK's wealthiest donate £8bn

Advisers urged to encourage philanthropy as UK's wealthiest donate £8bn

CAF report highlights untapped philanthropic potential among high-net-worth clients

Sahar Nazir
clock 21 February 2025 • 2 min read