Amazingly, $30 trillion is set to flow down from one generation to the next¹. As the wealthiest generation in American history, Baby Boomers are preparing to retire, age, and pass their assets to their heirs. The problem is 70% of those wealth transfers may fail due to a lack of post-transition planning². Is there a plan in place to face this inevitable shift?
Topic: Effectively Transfer Wealth and Retain Assets
Jennifer Wappaus, CFP®, spoke at the Inside ETFs conference on effective wealth transfer strategies for retaining assets and growing your client base. She was joined by other industry insiders to discuss changing times and to define solutions to help clients transition their accounts from cash-and-draw-down mode to post-inheritance planning.
Jennifer Wappaus, Director, Family Wealth Advisor at PagnatoKarp, is dedicated to serving the unique needs of high-net-worth individuals. Named to both the 2017 and 2018 Forbes Top Next Generation Wealth Advisors list³, Wappaus is an active member of Women in ETFs.
The Inside ETFs Conference was held in Hollywood, FL from February 10 – 13, 2019.
PagnatoKarp’s Wealth Management Experience helps streamline lives through high-touch sophistication, high-tech innovation and transparency. Our Family Office Fusion combines investment, planning, tax, legal, private banking, family coaching, travel and lifestyle services. We aim to provide total financial well-being through True Fiduciary® standards that put your interests first. With over $3.7 billion assets under advisement⁴ PagnatoKarp is frequently ranked on top financial advisor lists by Barron’s and Forbes and is a Virginia Best Places to Work⁵. Visit www.pagnatokarp.com or 703-468-2700.
Disclosures: ¹https://www.accenture.com/us-en/~/media/Accenture/Conversion-Assets/DotCom/Documents/Global/PDF/Industries_5/Accenture-CM-AWAMS-Wealth-Transfer-Final-June2012-Web-Version.pdf; ²https://www.forbes.com/sites/carolynrosenblatt/2011/12/09/wealth-transfers-how-to-reverse-the-70-failure-rate/#7b7292c42879