Move over, avocado toast and craft lattes. Millennials are into alternative assets now, and these young investors’ affinity for going against the stock-and-bond grain is about to upend the financial markets. 

Through 2048, some $124 trillion is expected to change hands via the Great Wealth Transfer, with nearly $100 trillion (81% of all transfers) leaving the wallets of Baby Boomers and older generations, according to a report by Cerulli Associates. Millennials will be pocketing the most of any generation over the next 25 years. 

Money Changes Everything 

Generations passing the money management torch to their children isn’t new. But what is new is a booming appetite for assets that haven’t traditionally made up…