Friday, April 4, 2025

Inheriting Millennials Want To Talk About Money

2022-05-03 12:00:00  |  affluent demographics 

... rents plan to do. Nearly half (46%) say parents rarely or never discuss values about money and the role that money plays in their parents’ lives, while 66% never discuss parents’ charitable giving. Advice adds value While just 33% surveyed say they work with a financial advisor, an additional four in ten (40%) say they would like to do so. Among those surveyed whose parents work with an advisor (two-thirds of all survey respondents), half (50%) of those have met with that advisor, and one in five (20%) currently work with that advisor for their own finances. Three in five (60%) would...

Seismic Shifts to Redefine Philanthropy

2021-05-04  |  charitable giving 

...  survey among 830 philanthropic individuals in the U.S. who donated at least $1,000 to charity in 2020 detected shifts in donor thinking due to the events of that year. Source: Fidelity Charitable...

Millennials Already Planning For Retirement

2021-04-19 12:00:10  |  millennials retirement 

... ration cares deeply about where their money goes. Not surprisingly, reducing fees for younger clients was influential to more Millennials (15%) than Gen-Xers (7%) or Boomers (1%). Finally, in a year of the unexpected and unprecedented, when concerns about a declining economy, falling markets and ongoing volatility were top of mind, it increased the demand for guided advice. Asked the number-one benefit of working with their advisor when markets are volatile, younger investors were focused on the emotional impact while their older counterparts were more focused on the financial impact. Millen...