Markets

Advisors are Pursuing Younger Clients

Advisors are Pursuing Younger Clients

(New York)

The industry has been talking about it for years, but now it appears to be happening in earnest-advisors are finally targeting younger clients in force. While Baby Boomers dominate the industry's AUM right now, 42% of firms say they are actively changing their marketing and networking to attract Gen Xers and Millennials. TD Ameritrade comments that "In just five years, RIAs expect 41% of their clients to be Gen Xers or millennials. This should be a wake up call to those who think that Next Gen wealth is literally still a generation away".

FINSUM : The tide is really starting to shift and it is going to happen faster and faster over the next few years as Baby Boomers age and the wealth of the young grows.

  • advsiors
  • baby boomers
  • gen x
  • millennials

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

    Other Topics

    Personal Finance

    Latest Markets Videos

      FINSUM

      FINSUM is the market leader in financial news summaries. We save investors time and money by getting them the info they need quickly and efficiently, delivering concise summaries and hard-hitting analysis of the day's top market-moving news. FINSUM is written by an experienced team with a background in bond trading and equity research at top investment banks.

      Learn More