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Richard Pilley

Financial Adviser
Milford Team Richard Pilley

Richard joined Milford in 2017 and has over 20 years experience in the wealth management industry in Europe and New Zealand. After helping to build the presence of a major Scandinavian bank in London, he went on to gain experience in their asset management division in Stockholm.

On returning to London he worked at a senior level with a number of leading European wealth managers including Credit Suisse and Julius Baer. Richard and his family moved to New Zealand in 2008 and he joined Milford from ANZ where he was Associate Director in the ANZ Private Bank. Richard holds a Diploma in Business Studies from the UK.

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How will the Great Intergenerational Wealth Transfer affect you?

Richard Pilley,28 April 2022

Much has been written about the so called Great Intergenerational Wealth Transfer and rightly so, because this constitutes the largest redistribution of wealth in human history. To summarise what this means; in most developed countries (and particularly in New Zealand and Australia), a substantial portion of overall wealth is held by individuals born between the end of World War II and the mid-sixties (the so called “baby boomers”). Clearly a large proportion of the assets currently held by individuals in that age bracket will pass to their heirs over the next 20 – 30 years.

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