What the next generation of millionaires want from their wealth management firm ...Middle East

Quartz - Economy
What the next generation of millionaires want from their wealth management firm
source : Quartz ( Middle East ) () 23
Over the next few decades, around $30 trillion in wealth is expected to be passed down from Baby Boomers to millennials. A survey from Capgemini Research Institute found that they’re going to be pickier customers for wealth management firms than their parents and grandparents.Earlier this year, the French consulting firm examined nearly 3,000 high net worth individuals (HNWI), defined as people with investable assets of $1 million or more. It found that millennials coming into wealth are far more price-sensitive than the previous generation, especially in a bear market. A majority of them are switching advisors to find a better fit compared to what may have worked for older investors.“We ten

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