One trillion pounds worth of assets will flow to future generations, and two-thirds (65%) of those inheriting wealth are unlikely to use the same financial advisers as those passing on their wealth - the intergenerational wealth transfer was focus of Professional Adviser's latest Working Lunch webinar, in association with Schroders.
Gillian Hepburn(pictured), head of UK intermediary solutions at the asset manager, said advisers are dealing with a younger generation attracted by the thrill of investing and are engaged with investment in some shape or form. Despite her senior financial services role, Hepburn said she recently learned that her 24-year-old son had all his money invested in crypto. She added that the next generation should not be ignored by financial advisers. "I was at a conference earlier this week where somebody very senior in the industry, actually said, 'we just need to ignore all these people th...
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