Lessons from celebrity-estate planning cases for advisors.
Celebrity Estates: Amy Winehouse and Working With Millennial ClientsCelebrity Estates: Amy Winehouse and Working With Millennial Clients
Douglas Boneparth details ways financial advisors can get started working with millennial clients.
The millennial generation is simultaneously the most talked about, sought after and yet curiously underserved demographic in the financial planning industry.
In this episode, David Lenok, senior editor at WealthManagement.com, is joined by Douglas Boneparth, founder of Bone Fide Wealth. They discuss how today’s financial advisors can appeal to millennials and why bringing in younger clients is a worthwhile pursuit. This topic is inspired by Amy Winehouse, a Grammy-Award-winning singer-songwriter who died at 27 years old. Amy did not have a will. Her after-tax assets went to her parents, and her ex-husband is making a $1.4 million legal claim on Amy’s estate in a case that has yet to be adjudicated.
Amy Winehouse died in 2011 at the age of 27.
In this episode, you will learn:
The story of Amy Winehouse: how her lack of planning and early death impacted her estate
Why advisors are struggling to connect with millennials
What this generation is looking for when it comes to their financial lives
Reasons to empower young advisors to pursue millennial clients
How to link millennials’ experiences to their most relevant financial planning tasks
And more!
Tune in for actions you can take immediately to start attracting millennial clients.
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The Celebrity Estates: Wills of the Rich and Famous podcast is available on Apple Podcasts, Android, Stitcher and wherever podcasts are found.
