Capgemini’s World Wealth Report 2025 casts a sharp light on one of the most significant transitions underway in financial services today—the global generational wealth transfer. fincite, a WealthTech platform supporting investment advice from onboarding to reporting, recently delved into the report.
Now in its 29th edition, the annual report remains a key industry barometer, offering analysis and data-led insights for wealth managers aiming to stay ahead in a rapidly evolving landscape.
According to the report, a staggering $83.5tn in assets is set to change hands between generations by 2048. Dubbed the “Great Wealth Transfer,” this massive shift represents not just an opportunity for growth but a serious test of the resilience and adaptability of traditional wealth management models.
The inheritors of this wealth—next-gen HNWIs from Gen Z, Millennials, and Gen X—bring new expectations and behaviours. They demand digital-first interactions, global investment opportunities, and a greater emphasis on alternative assets. Most notably, 81% of them indicate they plan to change their parents’ bank or advisor after receiving their inheritance, signalling a loyalty shift that wealth managers cannot afford to ignore, fincite explained.
The report proposes three strategic levers for wealth managers: enhance digital engagement through omnichannel experiences, empower relationship managers with AI and custom platforms, and move beyond product-based services to offer genuine value through personalisation and purpose.
Fincite chief commercial officer Paul Kammerer, a member of the report’s executive steering committee, emphasised the need for integrated solutions. “To remain competitive in today’s landscape, wealth management must undergo a significant transformation: It must offer full transparency of all client assets with automated valuation functions, incorporate alternative investment products, including private equity, and simultaneously serve both digital natives and traditional clients.”
Next-gen HNWIs are drawn to ESG principles, including impact and sustainable investing, as well as financial literacy education and bespoke succession planning. Wealth managers that adapt to these preferences—offering digital education tools and streamlined, platform-based services—are likely to gain a clear competitive edge, it said.
Cities like Singapore, Hong Kong, and Dubai are emerging as dynamic hubs for private wealth, challenging the traditional dominance of financial centres such as London, Zurich, and New York. These shifts are driven by attractive fiscal regimes and political conditions, and reflect a broader mindset of global diversification and digital readiness.
As next-gen expectations reshape the investment landscape, the message is clear: the time to evolve is now.
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