REDWOOD CITY, Calif., Aug. 2, 2017 /PRNewswire/ -- A recent Cerulli Associates study found that 38 percent of financial advisors expect to retire over the next decade — which means a new wave of wealth managers are stepping up to the plate. In light of this demographic shift, Forbes has released its first-ever list of "America's Top Next-Gen Wealth Advisors." Patrice Cresci, CFP®, a principal and regional director for Hewins Financial Advisors ("Hewins"), leads the company's millennial stride, taking the twenty-fifth spot on Forbes' prestigious list, which ranked 500 young advisors.
Millennials, defined by Forbes as those born after 1980, are entering the wealth management industry during a period of transition and transformation. According to Pershing, approximately $30 trillion in wealth will change hands between generations over the next 30 years. Advisors nearing retirement age have started enlisting their millennial colleagues to help build a rapport with this group of successors, providing an opportunity for impactful growth.
Cresci — who recently ranked fifty-sixth in Forbes' "America's Top Women Wealth Advisors" ranking — leads a team of five advisors in providing a customized, holistic wealth management experience to an impressive list of clientele. She is responsible for managing Hewins' business development activities and integrated service approach in the Bay Area. One of Cresci's primary focuses, as an advisor, is to bridge the gap between two often-overlooked client demographics with huge decision-making and buying power: female and millennial investors.
"The most fulfilling and rewarding aspect of my job is to make a true difference in the lives of my clients — to provide them with the financial confidence they need to achieve the goals they've set for themselves and their families," says Cresci. "It is an honor to be recognized as an industry leader among such an accomplished group of my peers."
The "America's Top Next-Gen Wealth Advisors" and "America's Top Women Wealth Advisors" rankings were determined by SHOOK Research, LLC. Rankings are based on the opinions of SHOOK Research and are not indicative of future performance or representative of any client experience. Hewins did not pay a fee for consideration for either award, nor solicit votes.
Learn more about Hewins Financial Advisors at hewinsfinancial.com.
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SOURCE Hewins Financial Advisors