From CNBC
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Summary: Millennials, also referred to as Generation Y, are those born from the 1980s through the early 2000s. Millennials are poised to inherit approximately $41 trillion from their baby boomer parents over the next 40 years, accounting for the single largest intergenerational wealth transfer in human history.
From Think Advisor
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Summary: Young investors seem to have a “you get what you pay for” mentality, according to a recent report from Corporate Insight that surveyed retail investors at full-service brokerage firms.
From New York Times
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Summary: Financial advisers as a group are aging and that means many of them are about to retire or transfer their practices to someone younger, just as doctors, dentists and other professionals do. But for clients who have worked with the same adviser for decades — and may be close to the adviser in age and outlook — the change could come just when they need that person the most: to help them financially manage their own retirement.
From Wall Street Journal Online
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Summary: Some advisers aren’t looking very far to find a successor to their practices. They are counting on their sons and daughters to take over one day. There are benefits to having one of the kids as a successor: The business is left to someone with the same value system, clients may be happy to still work with someone from the same family and the adviser can feel pride in having a child carry on their legacy.
From wealthmanagement.com
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Summary: Here are a few lessons to think about while you watch all of the classic Christmas movies. Perhaps the most important lesson of all: Family is everyone's most important consideration.
