Three key strategies for turning heirs into clients
A historic transfer of wealth in APAC is underway. Dubbed the Great Wealth Transfer, we are in the early stages of the largest intergenerational wealth transmission in history, as baby boomers pass on their assets to Gen X, millennial and Gen Z successors over the coming decades.
What happens when clients leave their wealth to heirs? This paper explores the most important strategies wealth managers can implement to remain the provider of choice.
The APAC region accounts for around 42% of global wealth
Studies suggest that at least 80% of millennial heirs will seek out a new financial advisor in place of their parents’ wealth manager after they inherit
Half of HNWIs under 40 say they are not satisfied with their wealth manager’s personalised offerings and the digital interfaces provided by their firm
About SS&C Advent
With solutions that enable any or all elements of a fully digital operation, SS&C Advent can help you catch up and stay competitive. Our offering includes innovative decision support and construction tools, as well as expert-delivered operational services to ease the burden on middle and back offices. Our technology solutions can also be cloud delivered through Advent Managed Services.
By continually investing in our platforms and functions we ensure we always deliver positive results for firms’ clients, people, businesses and futures.
SS&C Advent has helped over 4,000 investment firms in more than 50 countries grow their businesses and thrive. Gain investment clarity, simplify complexity and enable full firm digitisation with SS&C Advent.