The Changing Face of Wealth: An Opportunity for Advisors?

July 9, 2019 by Roy Urrico

What factors contribute to the changing face of wealth? Today, “baby boomers [comprise] 55% of the wealth and affluent market, the Silent Generation represents an additional 15% of the market.”

Those are some of deductions reached by the Silicon Slopes, Utah-based data optimization provider MX in an infographic it distributed.

MX noted the distribution of wealth will inevitably shift as time passes and generations age. Though millennials had a sluggish beginning, they are “paving a path that increasingly leads to financial self-reliance, even if that path was delayed when compared to previous generations’ entry into adulthood.”

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Originally Posted at ThinkAdvisor on June 25, 2019 by Roy Urrico.