Masters in Business · Friday, September 25, 2026
Adam Frank, head of wealth planning and advice at J.P. Morgan, believes the 'Great Wealth Transfer' is happening as baby boomers pass away. However, he notes that a significant portion of this wealth may be spent on healthcare and other expenses rather than being passed down entirely.
“Those are the numbers that you hear about, I hear about them. We all read about them. I've written about the Great Wealth Transfer. We have some white papers out on the Great Wealth Transfer. I believe it's happening as the boomers have started to pass away and transfer money.”
“But if you think about what the transfer is, the first transfer is horizontal, right? It's spouse one to spouse two. And then from spouse two, potentially the kids and grandkids and so forth.”
“But I think you're right. A lot of the money will be spent. Healthcare is very expensive and more people who have the means are able to be cared for at home.”