1. Four Reasons Why Wealth Transfer Fails and How Advisors Can Help

    Four Reasons Why Wealth Transfer Fails and How Advisors Can Help

    According to a new white paper, "Parent Trap: Avoiding Common Multigenerational Wealth Planning Pitfalls," released today by BNY Mellon's Pershing, 60 percent of family fortunes are squandered due to a lack of communication and trust, while only 3 percent disappear due to poor wealth planning.

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  2. Quotes

    1. Wealth transfer tends to be a sensitive topic for many families.
    2. Advisors are in a prime position to play a critical role in generational wealth management.
    3. Advisors can't simply check the box when working with their clients on estate planning.