Over the next two decades, we’ll see one of the largest movements of financial assets in history. The Great Wealth Transfer describes the shift of trillions of dollars from Baby Boomers to younger generations, mainly Millennials and Gen Z. As Boomers retire or pass on their assets like homes, businesses, investments, and savings, an unprecedented flow of capital will reshape global economies and financial services.
So when we ask what is the Great Wealth Transfer, we’re not only looking at inheritance. We’re also talking about how financial institutions adapt to serve new generations who expect very different banking experiences.
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The scale of the Great Transfer of Wealth
The numbers show just how significant this change will be. According to the Great Wealth Transfer statistics, around $84.4 trillion is expected to move in the United States alone by 2045.
As more Boomers retire, asset transfers are expected to speed up, and banks, advisors, and financial platforms need to be ready now to help clients navigate this shift.
Why the Great Generational Wealth Transfer matters
The Great Generational Wealth Transfer is actually about who will control this wealth. Millennials and Gen Z think differently about money. They are digital-first, value transparency, and expect services to be both instant and personalized. They are more likely to invest in sustainable assets, use mobile platforms for advice, and compare financial services with the ease of shopping online.
The next generation won’t put up with clunky systems, long waits, or old-school processes. They want simple digital tools that work, but they also want a real person they can trust when the decisions get complicated. For financial institutions, the future is about combining smart tech with genuine human advice.
The role of platforms in the Great Wealth Transfer in 2025 and beyond
The role of digital platforms becomes essential when talking about the Great Wealth Transfer. Managing inheritances, transferring business ownership, or rebalancing investment portfolios involves sensitive, high-stakes decisions.
This is where digital banking platforms prove their value. They make it possible to complete identity verification, sign documents electronically, and maintain secure communication without forcing clients into a physical branch, helping clients navigate the complexity of the wealth transfer with ease.
How LiveBank24 supports the transition
The Great Transfer of Wealth demands more than tools; it requires banks to rethink how they engage with clients across generations.
Our conversational banking platform brings together automation and human support. Clients can start with self-service, then seamlessly switch to a live chat, video call, or secure message with an advisor. This flexibility reduces waiting times, lowers costs for banks, and ensures every client feels valued.
We also support the critical processes behind the wealth transfer. With advanced identity verification and eSignature solutions, banks can handle sensitive transactions like inheritance documents, succession planning, and investment agreements with a few clicks.
Also, by integrating client data and communication history, advisors can offer advice that reflects individual needs and life goals. This level of personalization is exactly what Millennials and Gen Z expect, and it is how banks can remain trusted partners during the Great Generational Wealth Transfer.
The takeaway
The Great Wealth Transfer goes far beyond inheritance – it’s about adapting to new expectations in financial services. With trillions set to change hands, the institutions that succeed will be those that embrace technology without losing the human element.
By combining secure digital tools with personalized communication, we help banks guide clients through the Great Transfer of Wealth. The opportunity is enormous, and with the right approach, financial institutions can turn this transition into a foundation for lasting relationships with future generations.
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