A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

The $100 trillion wealth transfer from older to younger generations is set to reshape the wealth management industry, as younger investors plan to move their money to new advisors, according to a new report.

A new survey from Capgemini shows that 81% of "next generation millionaires," or those set to inherit large wealth from their families, plan to replace their parents' wealth management firms. Most cited poor digital offerings or a lack of services and products.

"We were staggered when our research came back with that number," said Kartik Ramakrishnan, CEO of fin

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