A Global Wealth survey by Boston Consulting Group that was conducted in 2020 suggests a very different wealth management landscape in the next 20 years. To understand just how profound these changes may be, consider that wealth management has been predominantly about meeting the needs of a singular market demographic—male, middle age and white. The future, already emerging, is much more diverse in which women’s wealth grows faster than men’s and newer generations of investors

AFTER SEVEN MONTHS of a seemingly relentless climb in prices, the equity markets slumped in September. The S&P 500 pulled back nearly 5%, slumping into month-end, while the Nasdaq was down more than 5%. This was the worst month of U.S. equity performance since March 2020. For the quarter, both indices were basically flat while U.S. small cap contracted 4% and emerging markets dropped 8%. U.S. bonds were flat while global bonds were down roughly 1%. As such, no matter the allo