The entrance of this large professional generation with increasing access to technology, social media and emerging consumer knowledge represents an opportunity to better resonate with a diversifying talent base and marketplace.
BNY Mellon’s Pershing, in conjunction with Beacon Strategies, examined the factors critical to success in sophisticated and sustainable multigenerational wealth transfers, along with obvious and not-so-obvious traps for advisors to sidestep when dealing with this lucrative, yet complicated market through original research and interviews with financial and generational experts.
This guide, from BNY Mellon’s Pershing, outlines the emergence of reverse mentoring programs in the workplace. This is where Millennial talent are mentors and paired with mentees who are executive leaders. The result? Younger employees learn organizational and leadership skills and executive mentees learn relevant issues that can inform business strategy for their firm.
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