Financial advisers unprepared for great wealth transfer

Only a third of advisers have a plan in place for the Great Wealth Transfer

Sahar Nazir
clock • 2 min read

The majority (69%) of financial advisers do not have a plan in place to tackle one of the largest ever transfers of wealth due to take place between generations over the next 20 to 30 years, Octopus Investments has found.

More than half (52%) of clients said that their adviser has not engaged with the beneficiaries of their estate. Nearly a quarter (22%) of advisers think they should have different sales, fee structures or marketing strategies for different generations. The research found that only a third (31%) of advisers have a strategy in place for the Great Wealth Transfer. Regarding asset loss in the event of a client death, almost half (46%) are concerned about losing these assets under management. In fact, 50% of advisers surveyed who have had a client pass away, estimated they have lost a r...

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

Feel Good Friday: One Four Nine Group raises £40,500 for charity partner

Feel Good Friday: One Four Nine Group raises £40,500 for charity partner

Firm picks three new charity partners for 2026/27

Professional Adviser
clock 24 April 2026 • 1 min read
Deal Dive: 2026 kicks off with a slower start

Deal Dive: 2026 kicks off with a slower start

Deals announced in Q1 2026

Isabel Baxter
clock 24 April 2026 • 3 min read
What Justin Bieber is telling you about your clients

What Justin Bieber is telling you about your clients

‘In our world, success, true success, is delivering someone to their goal’

Chris Justham
clock 22 April 2026 • 2 min read