Merryn Talks Money How Do You Pick the Best Wealth Manager?
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Jun 10, 2025 Gareth Wilson, a global banking industry leader at Capgemini, specializes in wealth management and advises on industry trends. He discusses the projected $100 trillion wealth transfer and why younger investors are shifting advisors. Key insights include adapting strategies for younger generations and their focus on riskier assets like cryptocurrency and private equity. Wilson also highlights regional disparities in wealth distribution and the need for wealth managers to evolve in response to changing preferences and the demand for personalized services.
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Massive Wealth Transfer Looms
- A projected $83.5 trillion will transfer wealth to younger generations by 2048, reshaping wealth management.
- 30% of this transfer occurs by 2030, pressuring wealth managers to remain relevant to new investors.
Next Gen Demand for Global, Digital Services
- Younger generations want more global diversification and access to alternative investments like crypto.
- They expect wealth managers to provide digital, personalized services and lifestyle concierge offerings.
Caution on Private Equity and Crypto
- Private equity and cryptocurrency are popular with younger investors but lack a proven long-term record.
- Investors should cautiously consider these as part of a diversified portfolio with awareness of risks.