blackdiamond.advent.com | info@advent.com How to Manage Intergenerational Wealth Transfer Three critical strategies for advisors This paper explores critical strategies investment advisors can undertake to increase the likelihood of retaining assets when clients leave their wealth to heirs. A historic transfer of wealth is underway Ever since 2011, when the first baby boomers turned 65, they have been retiring at a reported rate of around 10,000 each day. During the COVID-19 pandemic, however, the pace of boomers leaving the workforce jumped considerably, more than doubling from 2019 to 2020, according to Pew Research Center. As of the third quarter of 2021, nearly 67% of people between 65 and 74 were retired. 1 Historically, the demographic born between 1946 and 1964 has be

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