12.09.24

With $124 Trillion Set To Transfer Through 2048, Are Wealth Managers Ready?

by: Michael S. Fischer

Some $124 trillion in wealth will transfer through 2048, according to projections in a report from Cerulli Associates, with around $105 trillion expected to go to heirs and $18 trillion to charity. Overall, heirs are inheriting around $2.5 trillion annually, and Cerulli analysts expect this figure to rise to more than $3 trillion annually by 2030 and to exceed $4 trillion around 2036. Cerulli said that amid these accelerating wealth transfers, it is critical for wealth managers, asset managers and other industry participants to enact best practices with current relationships while shifting service and product strategies to the future profile of the high-net-worth demographic.

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