Intergenerational wealth transfers: The vital role of Financial Advisers

Intergenerational wealth transfers are the passing of wealth from one generation to another. This is most seen in parents passing their wealth to their children upon their passing. So, what role does a Financial Adviser play in intergenerational wealth transfer planning?

Kings Court Trust’s 2017 research paper ‘Passing on the pounds: The rise of the UK’s inheritance economy’, revealed that £5.5 trillion is expected to pass between generations between 2017 and 2047. This represents an unprecedented amount of wealth transfers, which pose both opportunities and risks for the wealth management industry.