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The decade of generational wealth
In the current decade, baby boomer families are beginning to navigate generational wealth transitions. Stay prepared with our 8 Strategic Imperatives.
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As baby boomers move into the later-in-life phase, their families face a range of transition experiences: transferring or selling assets, vulnerable conversations around health and long-term care, and change of control over decision-making.
These generational transitions offer an opportunity to grow your future business by engaging in a new way with boomers and their families.
70+ million boomers control
54%
of household wealth
~1/2
of private businesses
70%
of investable assets
8 Strategic Imperatives
Grow your future business by expanding the generational wealth conversation.
Imperative 1
Navigating change of control with the primary decision-maker
How are you partnering with clients and their families to prepare for a change-of-control scenario as boomers age?
Imperative 2
Facilitating transparency and family engagement around planning
What are you doing to facilitate transparency around planning to help families avoid disruptive disclosures?
Imperative 3
Empowering women as heads of households and as investors
What are you doing to form authentic partnerships with couples and to empower women as investors and decision-makers?
Imperative 4
Developing multigenerational dexterity for a socially diverse family
How are you planning to engage and support diverse multigenerational family interests and conversations?
Imperative 5
Engaging the modern family and complex planning considerations
How are you participating in the planning and emotional complexities of the modern family?
Imperative 6
Expanding the financial, emotional, and familial health conversations
What can you do to take a more proactive and facilitative approach that expands the family health conversation?
Imperative 7
Stepping into multigenerational life events with families
How are you building all-of-life generational relationships by engaging in life events with your clients and their families?
Imperative 8
Planning proactively for the boomer succession in your business and the industry
How are you thinking about the advisor or firm succession process as part of the changing marketplace and future growth opportunities?
WHITEPAPER
Navigating the Decade of Generational Wealth
Learn insights for growing your firm through generational family conversations.
Connect with us on your terms
If you would like to learn more or have questions on how to build these ideas into your practice, please contact your Fidelity representative.
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Fidelity Commingled Pools are only available to eligible retirement plans.
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