Only a small percentage of heirs stay with the financial advisor used by their parents, making it critical for advisors to connect with the next generation.
Wealth Management resources
Putnam offers a wealth of resources to help you engage clients in meaningful conversations that can lead to useful solutions for them and business-building opportunities for you.
Wealth Management Spotlight:
Intergenerational Wealth Transfer
In a new wave of wealth transfer, $30 trillion is projected to move to the next generation over 30 years, leading some advisors to rethink their businesses.
U.S. debt is at its highest level in decades which could drive tax policy changes as lawmakers seek to increase federal revenue.
When the tax landscape is unclear, flexibility can be important. For investors with irrevocable trusts, some states give trustees more flexibility with decanting.
In an uncertain policy environment, it may make sense for investors to also consider tax diversification when planning for retirement income.
A strategy that allows investors to make an IRA-to-HSA transfer may be used only once in a lifetime.
A limited liability company (LLC) is among several strategies that may help protect assets from creditor risk.
Congressional Republicans this week introduced the American Health Care Act in a move to repeal and replace the Affordable Care Act.
Creating instructions, much like a roadmap, can be among the most helpful item you can leave to family members trying to manage your estate.
Having an action plan can help families and students prepare for college as they navigate the process throughout the high school years.