5 Big Shifts That Will Reshape Wealth Planning in 2022 and Beyond: Northern Trust

Northern Trust Institute's annual Wealth Planning Outlook: "Wealth, Redefined," released this week, examines how shifting values having given investors the resolve to pursue what matters most as they enter a new phase of recovery and transformation. "This year's Outlook explores significant developments fueled by the COVID-19 crisis: a heightened awareness of purpose — whether fulfilling one's personal potential or promoting one's values through more deliberate investing and giving; a more profound sense of our own and our loved ones' human fragility; and the startling embrace of technology by millions," Pamela Lucina, Northern Trust's chief fiduciary officer, said in a statement. "Armed with a greater understanding of how these changes impact wealth planning, families can take action to achieve what is most meaningful to them as transitions occur in their families and finances." See the gallery for five societal changes and corresponding wealth planning strategies. (Image/illustration: Adobe Stock)