Editor's View: The double whammy wealth transfer issues

The great wealth transfer is something we talk a lot about in the industry, though it is not a topic I have ever seen as the focus of a panel discussion at a major conference and it was long overdue. The issue is pressing, as highlighted in our most-read story this week. Investec Wealth & Investment research found 51% of planners estimate that around half of the wealth they manage will immediately leave their business if they retire or move elsewhere. It's a double whammy for firms… clients can remove vast quantities of wealth quickly, but so can the advisers. Its always been obvious on pap...