Intergenerational Wealth CPD course  

Guide to involving the next generation

  • Describe how to involve the next generation in financial planning
  • Identify challenges to getting the next generation involved
  • Explain the importance of intergenerational wealth transfer
CPD
Approx.60min
Guide to involving the next generation
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Intergenerational wealth is becoming a big issue with financial advisers, as their clients get older and look to pass on their wealth.

But clients' children come with their own set of values and needs, and opinions about how they would lihe to conduct their affairs.

This can be as simple as using technology more than their parents, or needing straightforward simple advice; advisers need to prepare themselves for the future where children will be with more money than they are used to having, and learning the ropes of investing and financial planning like their parents.

This guide, worth 60 minutes' CPD, aims to look at some of these issues.

CPD
Approx.60min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. Which is the better model of advice for younger people, according to the first article?

  2. According to the second feature, why is it important to engage with a client's children?

  3. According to the second feature, which of the following is NOT a risk regarding a client's book of business?

  4. According to Denese Molyneux, in the third article, multigenerational meetings via video are likely to be commonplace once the pandemic rules are relaxed, true or false?

  5. What is an advantage of seeing clients at home?

  6. Investing a small sum for children can introduce them to the concept of investing, true or false?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Describe how to involve the next generation in financial planning
  • Identify challenges to getting the next generation involved
  • Explain the importance of intergenerational wealth transfer

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