The Great Wealth Transfer

March 3, 2020

Over the coming 25 years, Baby Boomers are expected to transfer roughly $55 trillion worth of assets to the next generation, charitable organizations and Uncle Sam. Looking out four decades to 2060, some 45 million Baby Boomers will have transferred ownership of nearly $70 trillion in assets. At their peak, Boomers will be transferring 10 percent of all of the wealth in the United States each and every year.

This “Great Wealth Transfer” and the attendant change in control, will bring opportunity and challenges to countless businesses in the financial service and asset management space, as well as the families they serve.

While the majority of Boomers’ assets are held within retirement accounts, direct ownership of commercial real estate, real estate partnership interests and tenant-in-common interests account for a significant portion of those assets that will pass into new hands… READ MORE