The Retirement Wave
As the Baby Boomers near retirement, the pool of investible assets is growing. At the same time, the way personal wealth is managed at traditional brokerage firms falls short for a growing number of high net-worth clients.
A Historic Opportunity
On the cusp of one of the greatest transfers of wealth in American history, HighTower holds a unique and advantageous position.
The Boomer Wealth Transfer
As the Baby Boom generation retires and begins to draw on 401(k), IRA and other assets, they will increasingly need investment advice. Heirs to the Boomers’ assets, many of whom are now in their 20s and 30s, will also need advice – and are increasingly seeking objective, third-party advice.
The Boomer Retirement Wave
- Seventy-six million boomers are heading towards retirement.
- The peak year for Boomer retirement will be 2023.
- Investible assets are expected to grow by $5 trillion over the next 20 years.
- By 2030, $41 trillion will have passed from the boomer generation to their descendants.