Top execs say the $124 trillion Great Wealth Transfer, women entrepreneurs, and veterans are poised to remake the financial landscape

The landscape for money is shifting, and top executives say that the Great Wealth Transfer, the new generation of entrepreneurs, and veterans are paving the way.

At Fortune ’s 26th annual Most Powerful Women conference in Santa Barbara, Deloitte U.S. federal health sector leader Beth Meagher said that women are poised to play a huge role in shaping how wealth is invested and deployed.

It’s estimated that around $124 trillion in wealth will be passed down by 2048, according to Cerulli Associates, with $54 trillion going to women, $52 trillion to children, and $18 trillion charity.

On top of that, women entrepreneurs are on the come-up—Meagher said that they’re one of the fastest growing sources of wealth concentration, up over 125% over the past decade.

And women who have served our country are also building momentum, reaching roughly 300% growth over the past couple of years, the Deloitte exec pointed out.

“These trends are changing everything,” Meagher told Fortune executive editorial director Diane Brady onstage.

“I think we spend a lot of time on frontier models, and we probably spend a lot of time on geopolitical [issues].

And this shift is something that I think we have a tremendous opportunity to lead from the front of.” Seema Hingorani, managing director and senior client advisor at Morgan Stanley , caught wind of this trend more than a decade ago.

When she was working at the New York City Pension Fund in the early 2010s, she noticed something worrying.

Every asset manager in the world was coming to meet with her, yet each had few to no women on their investment teams, Hingorani said.

They wrote it off as a “pipeline issue”—but Hingorani didn’t buy it.

So she started a nonprofit called Girls Who Invest to get more women into the industry, with 5,000 college women having gone through the program since 2011.

Every year they receive around 4,000 applications, and support 700 women annually.

Hingorani also pointed out that for the past seven years, Morgan Stanley has run an incubator helping to invest in more women starting tech businesses.