The Great Wealth Transfer is a term used to describe the massive transfer of wealth that is expected to take place from the baby boomer generation to the millennial and Gen Z generations. Lisa Detanna states that this transfer is estimated to be in the trillions of dollars, and it has the potential to significantly impact the financial landscape.
Wealth advisors who want to be successful in the future need to be prepared to cater to the next generation’s priorities. These priorities include environmental, social, and governance (ESG) investing, technology, and impact investing.
Lisa Detanna: A Wealth Management Specialist with Over 30 Years of Experience
Lisa Detanna is a Managing Director, Private Wealth Advisor at Raymond James and a wealth management specialist with over 30 years of experience. She is a recognized expert on the Great Wealth Transfer and has been featured in numerous publications, including Forbes, Financial Planning, and InvestmentNews.
Detanna is a passionate advocate for ESG investing and believes that it is an important way for investors to make a positive impact on the world. She is also a big believer in technology and believes that it can be used to improve the efficiency and effectiveness of wealth management.
Detanna’s Expertise on the Great Wealth Transfer
Detanna has a deep understanding of the Great Wealth Transfer and the challenges and opportunities it presents for wealth advisors. She has developed a number of strategies to help advisors cater to the next generation’s priorities.
One of Detanna’s key strategies is to focus on building relationships with next-generation clients. She believes that it is important to understand their values and priorities in order to provide them with the best possible advice.
Detanna also recommends that advisors educate themselves on ESG investing, technology, and impact investing. These are all areas that are of increasing interest to next-generation clients.
Detanna’s Advice for Wealth Advisors
Detanna believes that the Great Wealth Transfer is a once-in-a-generation opportunity for wealth advisors. By understanding the next generation’s priorities and developing strategies to cater to them, advisors can build successful businesses for the future.
Here are some of Detanna’s tips for wealth advisors:
- Focus on building relationships with next-generation clients.
- Educate yourself on ESG investing, technology, and impact investing.
- Develop strategies to cater to the next generation’s priorities.
- Be prepared to communicate with next-generation clients in a way that they understand.
- Use technology to improve the efficiency and effectiveness of your practice.
The Great Wealth Transfer is a major trend that is shaping the future of wealth management. Wealth advisors who want to be successful in the future need to be prepared to cater to the next generation’s priorities. By following Detanna’s advice, advisors can build successful businesses for the future.
About Lisa Detanna
Lisa Detanna is a Managing Director, Private Wealth Advisor at Raymond James and a wealth management specialist with over 30 years of experience. She is a recognized expert on the Great Wealth Transfer and has been featured in numerous publications, including Forbes, Financial Planning, and InvestmentNews.
Detanna is a passionate advocate for ESG investing and believes that it is an important way for investors to make a positive impact on the world. She is also a big believer in technology and believes that it can be used to improve the efficiency and effectiveness of wealth management.
About Raymond James
Raymond James Financial, Inc. (our parent company), (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.22 trillion as of March 31, 2023. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at raymondjames.com.
Raymond James & Associates, Inc., member New York Stock Exchange/SIPC
9595 Wilshire Blvd, Suite 801, Beverly Hills CA 90212 | 310-285-4500
Any opinions are those of Lisa Detanna and not necessarily those of Raymond James. The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. All opinions are as of this date and are subject to change without notice. Investing involves risk and you may incur a profit or loss regardless of strategy selected.
Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
The Forbes ranking of America’s Top Women Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors with a minimum of seven years of experience and weighing factors like revenue trends, assets under management, compliance records, industry experience and best practices learned through telephone and in-person interviews. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. This ranking is based upon the period from 02/04/22 to 09/30/22 and was released on 02/02/2023. Research Summary (as of February 2023): 38,314 nominations were received and 100 women won. This ranking is not indicative of an advisor’s future performance, is not an endorsement, and may not be representative of individual clients’ experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with Forbes or Shook Research, LLC. Please visit https://www.forbes.com/lists/list-directory/#1184217eb274 for more info
Barron’s Top 100 Financial Advisors, 2022. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved. The rankings are based on data provided by over 1,121 individual advisors and their firms and include qualitative and quantitative criteria. Time period upon which the rating is based is from 12/30/2020 to 12/30/2021 and was released on 04/15/2022. Data points that relate to quality of practice include professionals with a minimum of 7years financial services experience, acceptable compliance records (no criminal U4 issues), client retention reports, charitable and philanthropic work, quality of practice, designations held, offering services beyond investments offered including estates and trusts, and more. Financial Advisors are quantitatively rated based on varying types of revenues produced and assets under management by the financial professional, with weightings associated for each. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment picking abilities. The ranking may not be representative of any one client’s experience is not an endorsement and is not indicative of an advisor’s future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Barron’s is not affiliated with Raymond James.
Jesse Pitts has been with the Global Banking & Finance Review since 2016, serving in various capacities, including Graphic Designer, Content Publisher, and Editorial Assistant. As the sole graphic designer for the company, Jesse plays a crucial role in shaping the visual identity of Global Banking & Finance Review. Additionally, Jesse manages the publishing of content across multiple platforms, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.