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Stock impact report

How Gen X and millennials are changing the face of the traditional family office as they inherit over $80 trillion [CNBC]

Oatly Group AB - American Depositary Shares (OTLY) 
Company Research Source: CNBC
create in the world by using the traditionally monolithic family office for more innovative, value-based investments. The great wealth transfer is in full swing as over $100 trillion is projected to be passed down from the older generations to their heirs through 2048 in the United States, according to a December report by research and consulting firm Cerulli Associates. “There's a big intergenerational wealth transfer, but the preferences of the baby boomers are starkly different from the preferences of ... millennials,” Nirbhay Handa, CEO of global migration platform Multipolitan, told CNBC Make It “Now you have this younger generation which really believes that profit and progress should go hand in hand,” Handa said. A sea change Millennials (ages 27 to 42) and Generation X (ages 43 to 58) stand to be the biggest beneficiaries of the wealth transfer, and are expected to inherit about $85 trillion between 2024 to 2048, according to the report. Generation Z and younger ge Show less Read more
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