The unstoppable process of wealth transfer, known as “The Great Wealth Transfer,” will see over $82 trillion shifting from the Baby Boomer (ages 60-80) and Silent Generation to Generation X (ages 45-60) and Millennials (ages 30-45), with disruptive impacts across various sectors.
Our CEO, Ignazio Castiglioni, discussed this topic at the Itinerari Previdenziali conference, which was aimed at Family Offices and focused on new forms of investment as a solution to the great wealth transfer.
“In Italy, over the next 30 years, €3.8 trillion will be passed down from parents to children—approximately €1.2 trillion in the next 10 years. The new generations are redefining the concept of legacy, with transformative effects on philanthropy, entrepreneurship, and social and environmental impact. Financial innovation, driven by concrete digitization projects and the emergence of new investment trends, will be crucial in attracting and preserving capital by offering initiatives aligned with the needs of younger generations. And technology will be the driving force behind this transformation.”
