Gareth Wilson breaks down the 2025 World Wealth Report. U.S. millionaires grew by 562K, reaching 7.9 million. Looking to the markets, he notes that high-net-worth individuals are investing more in alternative assets – up to 15% of their portfolios. “Over the next 25 years we’ll see a significant shift in wealth” from Baby Boomers to younger generations, he adds, to the tune of trillions. Younger generations have a different outlook, which means a retrenchment for financial managers, he argues, especially in the digital realm.

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