What is the 'Great Wealth Transfer'?

It is the transfer of trillions of dollars from baby boomers to younger generations through inheritance.

How does this study affect BAC stock?

It may boost demand for wealth management and estate planning services, supporting Bank of America's revenue.

Bank of America: More US Businesses Passed to Heirs Rather Than Sold

Bank of America's 2026 Private Bank Study shows a structural shift in US private company ownership, with families increasingly passing businesses to heirs rather than selling, tied to the Great Wealth Transfer.

July 17, 2026

2 min read

Source: Simply Wall St.

A new study by Bank of America (NYSE: BAC) on private wealth management for 2026 reports a sharp rise in US businesses being passed to heirs rather than sold to new buyers. The findings highlight a structural shift linked to the "Great Wealth Transfer," as ownership of private companies moves across generations.

Study Details

The study notes that this transfer of control could affect wealth concentration, private markets, and estate planning practices. Bank of America, through its wealth management arm, is positioned at the center of these changes.

Context

The report comes amid a major demographic shift in the US economy as baby boomers retire and transfer assets to the next generation. Estimates suggest this process could transfer trillions of dollars over the next decade.

What It Means for Investors

For Bank of America investors, these trends may boost demand for estate planning and wealth management services, supporting revenue growth in that segment. However, the study does not offer specific investment recommendations.

Frequently Asked Questions

It is a private wealth study focusing on the transfer of US business ownership across generations.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.