Longevity Planning in Wealth Management: Decumulation Conundrum

The life span vs. health span vs. wealth span conversation is getting louder.

May 2, 2023 – As average lifespans are rising across most developed economies globally, a key question on people’s minds is how to make their money last and work for them throughout their lifetime. Individuals are having to fundamentally rethink their investment and work-life priorities while market volatility rises and the aftershocks of the pandemic keep coming, highlighting the fragility and unexpectedness of life no matter where an individual may be on the affluence ladder.

This Impact Brief looks into the need and issues around longevity planning in the current environment for wealth managers. It is based on Aite-Novarica Group conversations that took place between December 2022 and February 2023 with wealth management firms, such as wirehouse firms, broker-dealers, registered independent advisors, insurance-based financial services firms in the U.S., and some technology vendors in this space. It also involves secondary research.

Clients of Aite-Novarica Group’s Wealth Management service can download this report.

This report mentions Edward Jones, eMoney, Fidelity Investments, Hightower Advisors, LifeYield,  MoneyGuidePro, NaviPlan, Raymond James, RetireUp, Tegra118, UBS, and Wealth2K.

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