Europe's Wealth Management Edge: Lessons For US Firms

The world’s wealthiest families are navigating some significant changes—from

economic uncertainty to generational shifts to digital transformation. And when it comes

to adapting to these challenges, Europe is setting the pace. According to insights from

the 2024 Quintet Ipsos Wealth Study, European wealth firms are leaning into sustainability,

personalization, and preparing for the massive wealth transfers on the horizon.

For U.S. wealth managers, these trends provide valuable insights to address rising

client expectations and building a business that stands the test of time.

Shifting Toward Sustainability:

European investors are leading the charge in sustainable investing, with 72% of high-net-worth individuals putting socially and environmentally conscious portfolios at the top

of their list. This push is being driven by younger investors who want their money to

align with their values.

Insights for the U.S. Market:

Sustainable investing is no longer a nice-to-have; it’s a

must. To connect with socially conscious clients—especially Millennials and Gen

Z—wealth managers need to do more than offer “green” products. It’s about showing

real results and making an impact.

Next Steps for Success

1. Assess Your Offerings: Take a hard look at your portfolio. Where are the gaps

in sustainable investments? What do your next-gen clients want that you’re not

offering yet?

2. Create Impact Metrics: Work with industry experts to come up with measurable

ways to prove success, whether it’s cutting emissions or boosting diversity.

3. Show the Results: Share success stories and concrete outcomes to build trust

and show you’re making a difference.

4. Educate Your Clients: Host webinars, develop thought leadership pieces, or

share resources to help clients understand the value of sustainable investing.

By taking a proactive, results-driven approach, U.S. managers can align profits with

purpose and build stronger client connections.

Integrated Wealth Planning

In Europe, wealth managers are expanding their roles, moving beyond investment

advice to become full-service partners for their clients’ multi-generational needs. This

means supporting estate planning, family governance, and philanthropy to protect

wealth and create a lasting legacy.

Insights for the U.S. Market: Offering a full suite of wealth planning services is now a

necessity and no longer a key differentiator. People want advisors who can cut through

the complexity and guide them toward big-picture family goals.

Next Steps for Success

1. Broaden Your Services: Add estate planning, financial education for families,

and philanthropic guidance to your toolkit.

2. Collaborate with Experts: Team up with pros in estate law, governance, and

charitable giving to deliver a broad spectrum of solutions.

3. Engage Heirs: Host family meetings, workshops, and legacy planning sessions

to involve the next generation.

4. Focus on Legacy: Help families define their values and create a roadmap for

long-term impact.

By offering comprehensive solutions, wealth managers can strengthen trust, build

deeper relationships, and show clients they’re ready to help with whatever comes next.

Preparing for Generational Wealth Transfers

Europe’s wealth managers are proactively preparing for intergenerational wealth

transfers by aligning financial strategies with heirs’ values and priorities. Younger

generations bring fresh perspectives, prioritizing sustainability, innovation, and social

impact.

Insights for the U. S. Market: Proactively engaging the next generation is critical to

maintaining long-term family relationships and assets during wealth transitions.

Next Steps for Success:

1. Get the Kids Involved: create opportunities for heirs to participate in

philanthropic efforts and legacy planning to cultivate a sense of ownership and

responsibility.

2. Recognize and Align with Next-Gen Values: Understand younger clients’

priorities and create purpose-driven solutions around sustainability and

entrepreneurship.

3. Leverage Technology: Provide digital tools, dashboards, and virtual planning to

engage tech-savvy heirs.

By prioritizing next-gen engagement, wealth managers can ensure smooth transitions

and secure multi-generational client loyalty.

Europe’s approach to wealth management has plenty of takeaways for U.S. advisors

facing evolving client expectations. Whether it’s making sustainable investments a

cornerstone, taking a big-picture approach to wealth planning, or connecting with the

next generation, there’s a clear path forward: adapt now, or risk falling behind.

The key is finding the sweet spot between what you already do well and what’s working

globally. U.S. wealth managers who embrace these shifts will not only keep up—they’ll

stand out in a fast-changing industry and build lasting client relationships along the way.