Over the next 20 years over $68 trillion will be passed down from baby boomers to millennials, creating the richest generation in history.
But is the wealth management industry currently set up to serve this new generation of wealthy millennials and their needs? Or are they at risk of losing their dominance to new players?
In this episode of 11:FS Explores, Rachel Pandyan takes us through the shifting landscape of wealth management with insights from 11:FS Co-Founder and CEO, David M. Brear, and Ventures Product Lead, Nadine Timmer-Bodenstein.
Timestamps:
Intro - 0:01
Breaking down the different levels of wealth - 0:59
The misconception that if you have money, you're good with money - 01:49
What the wealthy currently expect from financial services - 02:13
What is The Great Wealth Transfer and what do millennials expect from financial services? 03:52
The wealth banking battlefield - 05:12
What does a good wealth solution look like? Say hello to Digital R.I.C.H.E.S - 06:15
How can traditional players build and evolve their offerings? - 07:30
Who's going to win in this space and how? - 09:25
Discover more wealth content and download our wealth management guide: www.11fs.com/w...
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