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EN
The Great Wealth Transfer Is Really a Trust Transfer
['Terry Rasmussen', 'Teresa', 'Terry', 'Rasmussen Is President', 'Chief Executive Officer Of Thrivent', 'A Fortune Financial Services Company', 'Where She Also Serves On The Board Of Directors', 'Its Executive Committee. Under Her Leadership', 'Thrivent Is Transforming Into A Holistic Financial Services Organization', 'Helping Clients Across The U.S. Achieve Financial Clarity']
Observer
The Great Wealth Transfer, the historic movement of assets from older Americans to their heirs, is often measured in dollars.
For financial firms, the defining question isn’t how much wealth will transfer.
As Millennials and Gen Z become primary financial decision-makers, they’re bringing different expectations to financial relationships.
Many younger investors are making independent decisions about which financial relationships to continue and which new ones to build.
The Great Wealth Transfer is often described as a movement of capital.