Module 1: Intergenerational wealth transfer
In this module, we outline the scale of the great wealth transfer and how advisers can position themselves for success with the next generation.
Obtain 30 minutes of CPD by completing this module.
Learning objectives
To understand the scale of the great wealth transfer.
To understand the key challenges facing wealthy families in leaving a legacy for future generations.
To understand the challenges facing advisers in successfully guiding clients through intergenerational wealth transfer.
To learn how to better engage with primary clients and their beneficiaries; and position your services better in the context of the great wealth transfer.
Learning outcomes
A better understanding of how advisers can help wealthy clients secure their legacy for future generations.
A clear, actionable framework for successfully advising primary clients and their beneficiaries around legacy planning.
Unit 1: Navigating the great wealth transfer
Reading time: 3 minutes
The great wealth transfer represents opportunity and risk in equal measure for financial advisers.
Read the articleUnit 2: Why is legacy planning a difficult topic?
Watch time: 4 minutes
Legacy planning is an inherently difficult topic for many people. In this short video, we run through the different individuals and relationships that form part of the conversation between the adviser, the primary client and their beneficiaries.
Watch videoUnit 3: Role of the adviser
Watch time: 5 minutes
In this video, we look at the fundamental role of an adviser and apply this to the conversation about intergenerational wealth transfer.
Watch videoUnit 4: A framework for success part 1: Engagement
Watch time: 14 minutes
Here we introduce our framework for success on wealth transfer and explore the ways in which advisers can engage with the primary client and their children.
Watch videoUnit 5: A framework for success part 2: Proposition
Watch time: 15 minutes
This video covers the second half of our framework for success, which focuses on the advice proposition and how advisers can position their services according to the needs and preferences of different generations.
Watch videoModule 1 quiz
Take the Module 1 quiz for 30 minutes of CPD
Take the quiz
Assessments
Our Financial Education and Couple Preparedness Assessments are designed for you to help your clients evaluate their financial knowledge and readiness to manage finances independently.
Couple preparedness assessment
Help ensure your clients are ready to manage their finances independently in any circumstance.
Financial education assessment
Help evaluate your clients' understanding of key financial and investment concepts.
Other Vanguard 365 pillars
Client relationships
CPD content crafted to empower you to service your clients' needs effectively, build relationships, create loyalty and achieve new business growth.
Practice management
CPD content designed to help you build your practice, market your services effectively and cultivate a thriving professional network.
Investment knowledge
CPD content formulated for you to explore in-depth insights on investment principles, portfolio construction and comprehensive product education to expand your technical knowledge.