PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Carte Blanche Communications Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Warning for Financial Institutions – 'Engage Generation Y or Put Assets at Risk' - Carte Blanche, the leading high net worth communications advisory firm, is warning financial institutions they are putting their assets under management at risk by not engaging with Britain’s future inheritors of wealth
Warning for Financial Institutions – 'Engage Generation Y or Put Assets at Risk'

 

NewswireToday - /newswire/ - London, United Kingdom, 2006/10/25 - Carte Blanche, the leading high net worth communications advisory firm, is warning financial institutions they are putting their assets under management at risk by not engaging with Britain’s future inheritors of wealth.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Carte Blanche is warning financial institutions they are putting their assets under management at risk by not engaging with Britain’s future inheritors of wealth, typically known as generation Y.

Born roughly between 1976 and 2002, generation Y is estimated to receive their share of the largest global wealth transfer in history, estimated at $500 billion in the next 5 years in the US alone and projected to reach $40 trillion over the next 40 years. However, with 92% of respondents in an industry study opting to change advisor post-inheritance, financial institutions such as private banks risk losing vital revenue from this next generation if they do not begin to adapt their communication and marketing strategies to better engage the new generation rather than expecting them to platforms designed for their parents and grandparents.

According to new research commissioned by Carte Blanche of British HNW parents with children aged 18-25, over a quarter of them said their young adult children have less than adequate financial education and of the remainder, over half feel they have received only adequate education. Furthermore, the research indicated that 68% of HNW parents believed education programmes provided by financial institutions would be valuable or very valuable to their children as they begin to take active roles in family enterprise and asset management.

These findings indicate that in many cases generation Y are not learning the kind of financial skills they will need to handle their wealth. This presents a tremendous business opportunity for financial institutions to refresh their acquisition and retention programmes, ensuring that HNW families can preserve their wealth across the generation gap.

Commenting on the research, Zoë Couper, director of Carte Blanche, said: “Reaching out to this younger generation is critical for the wealth management industry. As the baby boomers retire, the industry must begin to refocus its attention and energies to build a relationship with the next generation. To maintain vital sources of revenue, rehashing old strategies simply won’t cut it, a complete paradigm shift in the market is needed and its success will help determine if the industry can strengthen its growth, build new brand relationships and continue to increase assets in coming decades.”

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Carte Blanche Communications Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


Warning for Financial Institutions – 'Engage Generation Y or Put Assets at Risk'

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Zoe Couper - CarteBlancheComs.com 
+44(0)20 7016 5322 zc[.]carteblanchecoms.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Carte Blanche Communications Ltd securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Carte Blanche Communications Ltd / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico
TRA Searches for TPA Acquisition Opportunities

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)