Cerulli Associates reposted this
As the baton of wealth is inherited by younger generations, the heirs of wealthy families are taking a more active role in the impact they seek to create in the world by using the traditionally monolithic family office for more innovative, value-based investments. ➡️ The great wealth transfer is in full swing as over $100 trillion is projected to be passed down from the older generations to their heirs through 2048 in the United States, according to a December report by research and consulting firm Cerulli Associates. Scroll to find out how Gen X and millennials are changing the face of the traditional office. Read CNBC Make It reporter Ernestine Siu’s full report here: cnb.cx/4iVJ1vn
